Golden Agri-Resources et Louis Dreyfus Armateurs unissent leurs forces en Indonésie

Golden Agri-Resources et Louis Dreyfus Armateurs unissent leurs forces en Indonésie

02/07/2014 (version originale)

Golden Agri-Resources and Louis Dreyfus Armateurs join forces in Indonesia

Partnership with well-established maritime transportation company Louis Dreyfus Armateurs will further enhance GAR’s capacity and efficiency in the domestic shipping of its palm oil products 

Golden Agri-Resources Ltd (GAR), the world’s second largest palm oil plantation company and Louis Dreyfus Armateurs Group (LDA), international maritime transportation and services specialists, have announced today GAR's intention to collaborate with LDA in Indonesian-based shipping and logistics business through a 50-50 equity participation in Orchard Maritime Services Pte Ltd ("OMS"), presently a wholly owned subsidiary of LDA.

OMS presently employs a fleet of modern vessels capable of transporting various agricultural and mineral commodities.  Together with its subsidiaries, OMS will provide maritime and logistics services in the domestic transportation of GAR's cargoes.

The joint ownership of both LDA and GAR in OMS underlines the strategy and the commitment of the two groups to create a reliable and efficient maritime transportation network in Indonesia.

Jesslyne Widjaja, Director, Corporate Strategy and Business Development of GAR welcomed the collaboration with LDA.  “This is part of GAR’s strategic initiative to enhance the vertical integration of our operations. Through our partnership with LDA, GAR can further optimise our supply chain, ensure best practices of international standard and achieve cost efficiencies in the domestic transportation of our products”, she said.

Edouard Louis-Dreyfus, Chief Executive Officer of LDA, added: “Our Group has strong links with Indonesia where it has been established for over twenty-five years. This partnership is one more step in our strategy to reinforce our position in a country which offers many business and industrial opportunities. We are proud to create today this company with a major Indonesian conglomerate and a worldwide leader in agricultural commodities”.

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