Hanwa Group sets up joint venture in Indonesia

By Puspita Maylana Devi

Hanwa Singapore Ltd. And PT Hanwa Indonesia have agreed to set up a new joint venture named PT Hanwa Royal Metals as metal recycle processor in Indonesia.

Until now, Hanwa Singapore Ltd and PT Hanwa Indonesia have been doing metal recycle business with Indoprima Group, the company said in a press statement recently.

?But we decided to transfer our current metal recycle business to new joint venture for business expansion and further growth,? the company stated.

Editing by Benget Besalicto Tnb