AKPIArgha Karya Prima Inds
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By divesting, AKPI will not be burdened with the target to grow its converting division.
In the first stage AKPI will the fixed assets and a part of its stock to PT Intekemas Flexipack, a company owned by YAW Eropack GmbH of Germany.
On the other hand, Flexipack and Europack are not affiliated to the directors, commissioners or major shareholders of AKPI. Thus the planned divestiture will not have conflict of interests as stated in Decision of Chairman of Bapepam No.
Until now the marketing of AKPI products, plastic film in particular, include domestic and overseas markets.
With such marketing system, AKPI's total plastic film export in 1995 amounted to 6,130 tons, which was 29.6% of the total plastic film sale of 20,708 tons.