About 58 percent of thecompany's turnover comes from color monitors and thisproportion is expected to increase with the launch of itslatest premium-priced Dynaflat technology monitors in India. The company said it is launching the technology in Indiasimultaneously with its worldwide launch. The firm said total claims paid last year reachedRp98.51 billion. The Japanese Overseas EconomicCooperation Fund had expressed reluctance to fund theproject unless the consortium took a Japanese partner. Marubeni was selected from among Nissho Iwai, Mitsui andSumitomo.
Talks are under way for the final ownershipstructure of the project.
Othercontenders included Chase Manhattan Bank, Credit Lyonnais andABN Amro. The project involves the construction of a sixmillion tonnes per annum LNG import terminal. Meanwhile, U.S.engineering firm Fluor Daniel has been awarded the front endengineering design contract for the project. The move is in line with the company's plan for a more significant presence globally, said group chief executive officer Paul Koon. The two proposed subsidiaries, to be also involved in the aluminium related business, will initially focus on marketing and distribution networking operations, before going into the manufacture of downstream products, he said.