Description

PT. Kaltim Methanol Industri is a petrochemical industry producing methanol located in industrial area of PT. Kaltim Industrial Estate (a subsidiary company of PT. Pupuk Kalimantan Timur) Bontang, about 110 kms to the north of Samarinda city, the capital of East Kalimantan province.

PT. Kaltim Methanol Industri (KMI) was established under The Republic of Indonesia Law of January 25th, 1991 as a Domestic Investment Company (PMDN). On December 9th, 1997 this status changed to Foreign Investment Company (PMA) with Nissho Iwai Corporation as the largest shareholder (85%). PT. Humpuss owns 10%  and Daicel (Asia) Pte.Ltd. Singapore owns another 5% of the share. The merging of Nissho Iwai Corporation and Nichimen Corporation becoming Sojitz Corporation on April 1st, 2004 made Nissho Iwai Corporation’s share handed over to Sojitz Corporation.