RichLand wins contract from BASF & SMI; entry into Indonesia

RichLand wins contract from BASF & SMI; entry into Indonesia

4:12 PM, 8th June 2011
RichLand wins contract from BASF & SMI; entry into Indonesia
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Ramba Energy’s logistics subsidiary, PT RichLand Logistics Indonesia taps growth demand in transport of bulk liquid chemicals with new 500-strong fleet of ISO tanks. The company has bagged contracts from BASF and SMI marking its entry into Indonesia’s chemical logistics sector.

 

RICHLAND BUSINESS CENTRE, SINGAPORE: PT RichLand Logistics Indonesia (RLI), the Indonesian subsidiary of Ramba Energy Ltd, has clinched two new contracts to manage the domestic transportation of bulk liquids for two leading chemical companies in Indonesia. The contracts with PT BASF Indonesia (BASF) and PT Styrindo Mono Indonesia (SMI) mark a significant step forward in RichLand’s expansion plans to become a leading logistics provider for the chemical sector in South East Asia.

 

“The recent wins place RichLand-strategically and squarely on Indonesia’s logistics landscape. More notably, they mark RichLand’s entry into the country’s specialised chemical sector where we are now managing about 45 truckloads a day or an estimated 12,000 full loads a year,” said Colin Moran, Logistics Director, Ramba Energy Ltd.

 

Under the contract with SMI, RLI’s annual volume is set to exceed 160,000 tons per year. RLI manages the outbound logistics and transport of bulk styrene monomer from the SMI plant in West Java to end-customers located across Java. Valued at about S$ 5 million, the 3-year contract which commenced in November 2010 is renewable for a further 2-year term. For the separate contract with BASF, RichLand undertakes selected transportation assignments from BASF plants in Cengkareng, Jakarta and Merak, West Java to key customers in Java and Sumatra.

 

“Interest in domestic land transportation services for bulk liquid chemicals has been strong. We are growing capacity to support demand. Likewise, intra-regional demand for ISO tank freight services is improving on the back of Asia’s economic recovery,” added Moran.

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