Jaya group, Lloyd form new firm

Jaya group, Lloyd form new firm

JAKARTA (JP): The Pembangunan Jaya Group has set up a joint venture company with Lloyd's Register of Britain.

The new firm offers consulting services designed to assist Indonesian companies in attaining the internationally recognized management system stipulated by the ISO 9000 certificates.

"Lloyd's Register holds a 60 percent stake in the joint venture, while PT Capitol Mutual Corporation, a subsidiary of the Jaya Group, owns the remaining 40 percent," Peter Holland, president of the new company, told reporters here yesterday during the launching ceremony.

The new company, called PT Lloyd's Register Advisory Services Indonesia (LRASI), has working capital of US$400,000 for the initial stage of operation.

Holland explained yesterday that LRASI's services can be utilized by various companies of different sizes and by industries.

"Needless to say, ISO 9000 is the required ticket for firms to join the global market," he said, adding that the joint venture firm already has six clients. (hdj)