Nippon forms joint venture

Nippon forms joint venture

JAKARTA (JP): Nippon Express, a major Japanese freight
forwarding company and logistics provider, and its local partner
PT Supra Raga Transport have formed a joint venture to boost its
presence in the Indonesian market.

The Japanese company said on Tuesday the joint venture PT
Nippon Express Indonesia, which will focus on the air cargo
transportation business, would start operation next month.

The joint venture will be equally owned by the two companies,
which have been engaged in an agency cooperation for more than 11
years.

Nippon Express Indonesia will be managed by Nobuya Nakada as
president and A. Muad Suleman as vice president.