Revindo aids fishermen

Revindo aids fishermen

JAKARTA (JP): Fishing company PT Reva Indo Overseas (Revindo)
announced on Saturday the signing of an agreement with 16 village
cooperatives in Boul Toli-Toli regency of Central Sulawesi, to
jointly develop a Rp 26 billion (over US$3 million) integrated
fishing industry.

Revindo president Tjipto G. said the company and the
cooperatives would build a Rp 17.5 billion cold storage in the
first stage to store the fish and fish-related products caught by
fishermen who were members of cooperatives.

"The construction of the cold storage will begin by the end of
this month. We expect to complete the realization of the
integrated fisheries industry in January 2000," he said.

According to Tjipto, the cooperatives own 80 percent of the
company's shares, with the remainder owned by Revindo.

He added that Revindo would initially handle the operational
management of the company, with management to be transferred to
the cooperatives after several years.

Tjipto said the integrated fishing industry would produce
frozen and canned fish, dried and smoked fish, salted fish, fish
powder and fish and shrimp seeding. (gis)