JAKARTA – PT Pacifik Pelayaran Indonesia (PPI), a subsidiary of PT Trans Power Marine Tbk (TPMA), and T&J Industrial Holding Limited, China, introduced a joint venture in the nickel mining transportation business called PT Trans Logistik Perkasa (TLP).
In the information disclosure quoted Wednesday (3/11), Rudy Sutiono, Director of PT Trans Power Marine Tbk (TPMA), announced that TLP would acquire 60 sets of tug and barge for USD 250 million within the next four years. “Tsingshan would invest in two industrial parks: Morowali, Central Sulawesi and Weda Bay, Halmahera, Maluku,” he added.
These two companies had signed a memorandum of cooperation of this joint venture establishment last week (29/10). Additionally, both companies were known not to be linked in any affiliations. T&J Industrial Holding Limited (TJI) is a part of Tsingshan Holding Group, which is headquartered in China. As a result, TPL was formed under Hong Kong laws.
TLP establishment is intended to give potential additional income and profit to the company. Furthermore, this new joint venture also acts as a part of the company’s business diversification plan, branching out to the bulk cargo transportation business. (LK/ZH)