Steady Safe joins Volgren

Steady Safe joins Volgren

PT Steady Safe, a publicly listed transportation company, has
acquired a 70-percent stake of PT Volgren Indonesia, a producer
of aluminum bus bodies.

A spokesperson of Steady Safe told The Jakarta Post over the
weekend the share takeover was aimed at strengthening the
company's operation of city buses, while joining the government's
program of rebuilding old city buses of the Jakarta
administration-owned public transportation firm PPD.

She said PPD is expected to start reconditioning 200 buses
this month, which are scheduled to begin operations again next
year. (riz)