JAPAN: Nihon Trim forms Indonesia water JV – report

By | 2 August 2006

Japanese water company Nihon Trim has created a joint venture in Indonesia, according to reports.

Japanese newspaper Nikkei Report said today (2 July) that the company has teamed up with Indonesia's Sinar Mas Group to produce water in PET bottles. The joint venture will establish a plant on the outskirts of Jakarta with an investment of JPY100m (US$872,600).

Production at the plant is scheduled to start next month, the paper added, and will have an annual production capacity of 20m bottles.

The Sinar Mas Group will hold a 66% stake in the JV, although Nihon Trim plans to raise its stake in three years to 51%. The new company is targeting sales of between JPY400m and JPY500m during the venture's first year, and JPY1bn after three years.

Nihon Trim has been branching out of its home country of late, having opened a sales subsidiary in China with Sumitomo Corp. last year.

Sectors: Soft drinks, Water

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