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Dynaplast
Established in 1959, PT Dynaplast Tbk. is the leading manufacturer of quality rigid plastic packaging in Indonesia catering to a diverse mix of companies and industries.
Established in 1959, PT Dynaplast Tbk. is the leading manufacturer of quality rigid plastic packaging in Indonesia catering to a diverse mix of companies and industries. In August 1991, the Company went public, listing its shares on the Jakarta and Surabaya Stock Exchanges. In 1995, PT Dynaplast Tbk. became the first plastics company in Indonesia to be awarded ISO 9002 certification, and in 2000 the Company was ISO 9001/2000 certified - another first.
The group is now operating in 6 countries with more than 7,000 employees in 37 manufacturing sites. From its production centers in Indonesia, China, Malaysia, Singapore, Thailand and Vietnam, PT Dynaplast Tbk. manufactures and distributes high-quality plastic packaging for food, cosmetics, pharmaceutical products, chemicals, and lubricants as well as bottle crates and precision plastic components for the automotive, home electrical appliances, consumer goods, electronics, and computer industries.
In order to remain competitive and better serve the changing needs of its customers, PT Dynaplast Tbk. has over the years built new production facilities, made strategic acquisitions, and developed partnerships in the form of joint ventures with such international front-runners as Lam Huat Holding Pte. Ltd. (Part of Heong Leong Group) of Singapore, Japan's Sumitomo Corporation and Cubic Company, and Berli Jucker Plc. of Thailand. The Company also holds technical licenses from Schoeller Wavin Systems of Germany for the manufacture of bottle crates. More recently, Dynaplast began constructing a new rigid plastics production facility in Vietnam in 2004 in conjunction with a major consumer goods company, which is expected to become operational before mid-2005.
The Company's numerous past achievements can be attributed primarily to a customer-centric strategy that emphasizes not only the strictly commercial principles of quality, technology, and brand equity, but also the time-honored values of trust, service, customer satisfaction, and mutual respect - the results of which speak for itself. In recent years, some of which have been particularly difficult for the domestic business sector, the Company has enjoyed consistently high levels of growth and strong financial performance. Over the years, Dynaplast has also received numerous awards from leading international institutions in recognition of its excellent performance.
Subsidiaries
In 2004, the most significant development among the subsidiaries owned by PT Dynaplast Tbk. was the divestment of shares in PT Dynaplast Cubic Indonesia (DCI). The sale of DCI allowed the Company to focus on its core business. In terms of operations, each of these subsidiaries had to respectively adjust their operational and financial performances with the increase in raw material prices, mid-year weakening of the Rupiah, the implementation of new pricing schedules, and an increase in production orders as a result of renewed consumer activity.
PT Sanpak Unggul
Originally established in 1990, PT Sanpak Unggul is engaged in the manufacture of quality plastic bottles and closures primarily for the laundry and detergent industries. Its acquisition in January 2000 made Dynaplast the largest rigid plastic packaging company in Indonesia. Dynaplast currently maintains a 99.9% stake in this company. In response to the increase in raw material prices, PT Sanpak immediately initiated additional cost efficiency measures and adopted a new pricing scheme. With the renewed consumer activity, PT Sanpak also endeavored to maximize production capacity and improve customer satisfaction by ensuring the quality of every product produced. As a result, the Company generated Net Sales and Operating Profits of Rp 77.4 billion and Rp 10.2 billion, respectively. At year-end 2004, PT Sanpak realized a Net Profit of Rp 7.3 billion
PT Rapidplast Corporation
Based in Surabaya, PT Rapidplast Corporation manufactures quality plastic bottles, closures, 5-layer cosmetic tubes, 6-layer plastic bottles and toothbrushes for the leading personal care, motor oil, chemical, pharmaceutical and food industries in East Indonesia. PT Rapidplast Corporation is a joint venture with Rheem (Far East) Pte Ltd (Singapore) since 1994, with Dynaplast owning 51% stake.
In 2004, PT Rapidplast completed the second phase installation of a new multi-layer production line. This new production line offers Dynaplast's clients more product versatility and higher quality at highly competitive prices. PT Rapidplast was able to post Net Sales of Rp 139.9 billion, Operating Profits of Rp 28.0 billion and a Net Profit of Rp 15.4 billion.
Berli Dynaplast Co., Ltd. (Thailand)
In 2003, Dynaplast increased its stake in Berli Prospack Co., Ltd. from 49% to 51%. Renamed to Berli Dynaplast Co., Ltd., this company is an established, rigid plastic packaging company in Thailand, producing quality plastic bottles and closures for the cosmetics, personal care, lubricant, chemical, pharmaceutical, and dairy food industries.
Since Dynaplast purchased a 49% share in this company in 2000, Berli has consistently improved and currently contributes a significant 15.1% share of the Company's consolidated Net Sales. In 2004, although the company managed to improve its revenue to THB 500.6 million (Rp 111.6 billion), the Net Profit was much lower due to the higher raw material prices, which was initially more difficult to pass on to the customers. Net Profit for 2004 was only THB 8.56 million (Rp 1.9 billion).
King Plastic Group (Indonesia, Malaysia, & Singapore)
King Plastic industry was established and started its production of plastic bottles in 1986 with an initial operation of four blow molding, two injection molding machines and twenty employees. Our production volume was then approximately three million bottles per annum, but we have since clinched numerous orders from customers in the petrochemical, F&B, household FMCG, pharmaceutical and other industries. The total floor area is now eighteen times larger than previous premises, and King Plastic has more than 25 blow molding machines in operation. Current maximum capacity is at 90 million bottles per annum.
