Astra Graphica divestment

Astra Graphica divestment

JAKARTA (JP): Publicly listed information technology company
PT Astra Graphica said it had completed the divestment of all of
its non-ore business activities

The company said on Saturday it had sold its shoe-making
business unit and its leather and garment business units to three
separate companies.

They are PT Surya Puspita, a leather company, PT Binabusana
Internusa, a garment manufacturer, and PT Damai Makmur Utama,
Astra said in statement.

Astra's financial report for 2000 will no longer reflect a
consolidated report of its consumer-based subsidiaries, the
statement said.

"By 2001, the company can focus all of its efforts and capital
on the development of its core business, which is document
solution and information technology," the company said.(bkm)