Sinar Mas unit to form CDT business<\/p>\n
JAKARTA (JP): Integrated logistics companies PT Bina Sinar
\nAmity and PT Bina Sinar Utama plan to establish the country's
\nfirst customs distribution terminal in the Cakung area of North
\nJakarta next year, a company official has announced.<\/p>\n
The director of both companies, Jo Liat Tjiang, said on Monday
\nthat the terminal, also called a bonded warehouse, would help
\nimporters and exporters to improve the efficiency of their
\nlogistical operation.<\/p>\n
\"The concept still needs finalizing, but we plan to realize it
\nby next year,\" he said.<\/p>\n
Tjiang added that Indonesia offers opportunities for opening
\nthe distribution terminal as the country's manufacturing sector
\nimports up to 80 percent of its raw materials.<\/p>\n
The two companies are jointly owned by the Sinar Mas Group,
\nJapan's Nisho Iwai, Sankyu and Itochu, and Taiwan's Amity Group.<\/p>\n
Bina Sinar Amity operates a container yard, warehouse facility
\nand container depot, while Bina Sinar Utama provides customs
\nclearance services, freight and forwarding, transportation and
\ncontainer repair service.<\/p>\n
The two companies recently received the ISO 9002 management
\nsystem certification from the Netherlands' KEMA Registered
\nQuality.<\/p>\n
Tjiang said the two companies enjoyed a combined turnover of
\nRp 70 billion last year, and were expected to grow by 20 percent
\nthis year.<\/p>\n
He also said the companies planned to go public next year if
\nthe country's economic condition improved.<\/p>\n
\"If Indonesia's economic condition improves next year, we will
\nlaunch an initial public offering (IPO),\" he said, adding that
\nthe company aimed at becoming the market leader in 2002.<\/p>\n
Tjiang declined to provide details.(rei)<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/sinar-mas-unit-to-form-cdt-business-1447893297", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }