Ferro-Sinar Mas plastic tie-up

Ferro-Sinar Mas plastic tie-up

JAKARTA (JP): PT Ferro Mas Dinamika, a joint venture between
American firm Ferro Corporation and Indonesia's Sinar Mas Group,
opened its new US$5.1 million plastics factory in Bekasi, West
Java on Tuesday.

"We are proud to have been able to complete the construction
of the factory on time despite lots of incidents related to the
current security problems in Indonesia," said Ferro Mas's
plastics division general manager Cees A.M. Rijper.

He said in a statement that the plant, which specializes in
color masterbatch, was the second investment made by Ferro
Corporation in Indonesia.

The plant covers an area of 65,000 square meters and has a
maximum capacity of 5,000 tons of color masterbatch a year but
will initially run at 1,000 tons a year.

The products are used in household appliances, electronics,
construction, automobiles, and sports goods, the company said.

The plant was inaugurated by commercial counselor at the
United State Embassy in Jakarta Alice Davenford (center).

After the ceremony, she toured the plant with Ferro
Corporation Senior Vice President R. Jay Finch (right), and
Rijper (left). (10)