Signature d'un Protocole d'accord entre LOUIS DREYFUS ARMATEURS et Golden Agri-Resources

Signature d'un Protocole d'accord entre LOUIS DREYFUS ARMATEURS et Golden Agri-Resources

29/03/2017

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LOUIS DREYFUS ARMATEURS Group signs a Memorandum of Understanding with Golden Agri-Resources to develop maritime logistics in Indonesia


Jakarta, 29 March 2017 – LOUIS DREYFUS ARMATEURS Group (LDA) has signed today a Memorandum of Understanding (MOU) with Golden Agri-Resources (GAR), a leading palm oil plantation company, to develop business opportunities in maritime logistics in Indonesia.

François Hollande, President of the French Republic, was present for the signature of this announcement.

The MOU signed between GAR and LDA focuses on developing logistics in Indonesia for the next five years with planned acquisitions and investments amounting to around USD 100 million.

In 2014, LDA and GAR established a joint venture company dedicated to transport LDA and GAR cargoes within Indonesian waters. In 2016, this JV transported 4,500,000 tonnes of various cargoes.

This new step in our partnership with GAR confirms LDA’s strategy to keep strong links with Indonesia where our Group has been active for more than 25 years, on the coal export market, onshore and offshore port logistics as well as marine industrial services.” said Philippe Louis-Dreyfus, President of the Supervisory Board of LDA.

Jesslyne Widjaja Executive Director of Golden Agri-Resources Ltd, said “The maritime sector plays a pivotal role for the Indonesian economy and our goal is to contribute actively for the development of the sector as a whole. Our collaboration with LDA will help us improve our logistics efficiency and develop infrastructures that support GAR’s long-term growth and contribution to Indonesia.”

Indonesia is a key commercial partner for French companies, especially for marine services. In 2014, President Joko Widodo announced his plans to turn Indonesia into a ‘global maritime axis’. Since then, he has often reaffirmed this strategy in which France, as a maritime partner of Indonesia, has an important role to play. President Hollande’s historic visit to Indonesia, the first of a French President in 30 years, signals stronger bilateral ties between the two countries as well as France’s support of the certified, sustainable development of plantation industries in the region through supportive measures.

Press contact:
Antoine Person, General Secretary
antoine.person@lda.fr
+33 (0)6 1206 5967


About Golden Agri-Resources

GAR is one of the leading palm oil plantation companies with a planted area of more than 480,000 hectares (including smallholders), located in Indonesia. It has integrated operations focused on the production of palm-based edible oil and fat.

GAR is focused on sustainable palm oil production. In Indonesia, its primary activities include cultivating and harvesting of oil palm trees; processing of fresh fruit bunch into crude palm oil (CPO) and palm kernel; merchandising and refining CPO into value-added products such as cooking oil, margarine and shortening. It also has operations in China and India including a deep-sea port, oilseeds crushing plants, production capabilities for refined edible oil products as well as other food products such as noodles. For more information visit: www.goldenagri.com.sg

 

Copyright: Louis Dreyfus Armateurs / Golden Agri-Resources

Photo credit / Logo : Louis Dreyfus Armateurs