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Semen Baturaja to supply cement to PT Timah

17 September 2018 06:40 AM  Company: PT. Timah Tbk[TINS]
Rp. 1,370  +25 (1.86%)

JAKARTA - PT Semen Baturaja Tbk (SMBR) and PT Timah Tbk (TINS) last weekend signed an MoU of their synergy in supplying cement to PT Timah’s projects.

SMBR Corporate Secretary Ruddy Solang on Saturday (15/9) said the MoU is valid for the next three years. As well as signing an MoU with PT Timah, SMBR has also formed partnerships with PT Pos Logistik Indonesia and PT Multimedia Nusantara.

The partnerships were also signed last week. In the partnerships SMBR will supply cement for the development of Pos Logistik’s and Multimedia Nusantara’s projects.

“With these partnerships we hope we can support Semen Baturaja in terms of efficiency,” said Mr Solang.

Previously SMBR formed partnerships with several logistic companies, and is now planning to focus on a small number of logistic companies for the sake of efficiency. “Overall logistic costs cover 20% of our selling prices,” Mr Solang said. (AM/MS)

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PT. Timah Tbk [TINS]   Rp. 1,370   +25 (1.86%)