Puninar Team Up With Keppel for Strengthening Services

PT Puninar Jaya cooperated with Keppel Logistic Singapore-based company to strengthen logistic services in the country.

Puninar Logistic CEO Tjahjadi Lukiman said Indonesia’s logistic business development is growing rapidly. It is supported by the national economic growth which is predicted to reach 6% per year.

“To deal with economic growth and strengthen our position in domestic market competition, one of company policy established joint venture with international partnet,” said Tjahjadi after MOU signing with Keppel T&T CEO Pang Hee Hon, Jakarta, Tuesday (12/4).

The joint venture named PT Keppel Puninar Logistic, some 49% stocks are owned by Keppel Logistic and the rest 51% owned by Puninar Logistics.

Tjahjadi said joint-ventured will focus on retail product sector and healthcare products with full integrated services including customs clearance, transportation, warehousing and other value-added management.

To improve logistic services, the company will build new warehouse in Cakung, North Jakarta with area of 30,000 square meters and it needed IDR120 billion investments.

Sources: Bisnis Indonesia
Editor: DailyWeeks