Construction engineering solutions and services PLYTEC Holding Bhd has signed three marketing and distribution agreements with Indonesian-based PT Oriental Shoring Solutions (PT Oriental) where the latter will be the exclusive distributor of PLYTEC's products in Indonesia.
The agreements, which were signed via PLYTEC subsidiaries, PLYTEC Formwork System Industries Sdn Bhd, PLYTEC Polymer Sdn Bhd and Sudut Swasta Sdn Bhd, are effective for a five-year period from Oct 16, 2024.
PLYTEC Group Managing Director and Chief Executive Officer Yang Kian Lock said this strategic move aligns with PLYTEC's goal to strengthen its presence in Southeast Asia, providing high-quality construction materials and systems tailored to meet Indonesia's growing infrastructure demands.
"This partnership is a natural extension of our growth strategy for the Southeast Asia region, following our venture in Thailand.
"We are excited to enter the Indonesian market, which offers immense potential, and we are confident that PT Oriental's strong distribution network backed by its parent company, Oriental Castle Group, will help us scale quickly and effectively," Yang said in a statement yesterday.
He added that this partnership allows PLYTEC to introduce innovative solutions to improve construction efficiency and safety standards in Indonesia.
"The company will also be providing advanced technical support and training for local engineers to ensure seamless integration of these systems into their projects.
"Together with PT Oriental, we are committed to create impactful, sustainable growth and explore broader opportunities in international markets," Yang said.
