Riaupulp, BNI help small firms

Riaupulp, BNI help small firms

JAKARTA (JP): PT Riau Andalan Pulp & Paper (Riaupulp) and
state-owned Bank BNI signed a memorandum of understanding (MOE)
in the Riau provincial capital of Pekanbaru on Thursday on
cooperation in helping develop small enterprises and cooperatives
in the province.

Riaupulp's president P. Daritan said the cooperation agreement
reflected the strong commitment of both his company and Bank BNI
to further develop local entrepreneurship through business
training, credit programs, subcontracting business and other
forms of mutually-beneficial partnership programs.

Daritan added that strong commitment was also shown by the
presence of Riaupulp chairman Sukanto Tanoto, Riau Governor Saleh
Djasit and Bank BNI president Saifuddin Hasan at the signing of
the cooperation agreement.

Riaupulp's director Elyas, who is in charge of coordinating
the project, cited log hauling to the Riaupulp mills as the most
feasible business that can immediately be developed in
cooperation with small enterprises or cooperatives.

Riaupulp, which operates an 850,000-ton capacity bleached
hardwood pulp industry in Riau, is 98.5 percent owned by the New
York Stock Exchange-listed Asia Pacific Resources International
Holdings Ltd.