Dynaplast, Trepak sign deal

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)