Dynaplast, Trepak sign deal

JAKARTA (JP): Publicly listed plastic producer PT Dynaplast has signed an agreement with a Dutch leading crate manufacturer, Wavin Trepak B.V., to produce plastic bottle crates and to use recycling technology in Indonesia

The company said in a statement yesterday that both companies have agreed to speed up recycling technology to help their customers here in Indonesia cope with the current economic crisis.

"Due to the economic crisis, most of our customers are forced to reduce costs to survive," the statement said.

The statement also said that the Dutch crate manufacturer had decided to buy Dynaplast shares to become one of the company's strategic investors.

The company, however, did not give details on the amount of shares it will buy. (aly)