Sonoco starts operations

Sonoco starts operations

JAKARTA (JP): Sonoco, of the United States, announced yesterday that it is beginning operations here to produce both consumer and industrial packaging products, the managing director of Sonoco Asia, Perry D. Smith, said in a statement here Saturday.

Smith said Sonoco Asia and its investment partner PT Istethmar of Hong Kong have purchased a major interest in PT Tritunggal Sejahtera, a leading producer of composite cans for snack food and motor oil.

He added his company will build a new joint venture company with PT Sarana Kemas Utama.

Terms of the joint venture agreement were not disclosed but it will operate under the Sonoco name and employ 80 people at its plant in Jakarta, the statement said.

The new joint venture, Smith said, will cooperate with its Japanese affiliate, Showa Marutsutsu, to serve many Japanese companies which are expanding their presence in Indonesia. (04)