JAKARTA - PT Caturkarda Depo Gedung Tbk (DEPO), the manager of a building materials store, is partnering with SCG Distribution PCL to expand the supply and distribution of imported products for building and household needs in Indonesia.

In the information disclosure quoted on Wednesday (5/7), the collaboration between this issuer and SCG is to boost sales, especially the revenue contribution from household products (house brands). Imported house brand products will be expanded from a number of other countries, not only from China.

This import product sourcing cooperation has lasted for five years since the agreement was signed last week (30/6). The cooperation transaction value is set at US$ 165,000 per year, of which this fee increases 3% per year in five years.

DEPO and SCG PLC are affiliated because of a common shareholder, namely, Siam Cement PCL (SCT). Global House International Co Ltd, a subsidiary of SCT, has a 22% stake in DEPO. (LK/LM)