Italian-Dutch pigments
The Italian producer of masterbaches Gaypa and the Dutch group Holland Colours have created a joint venture in Indonesia to produce and sell, on the local market, the Holcomer UHT range of light-protection products for single-layer PET bottles for milk and dairy products. The Italians will have a 15% stake in the new company, to be called PT Holco Indo Jaya, while the Dutch group, through its subsidiary PT Holland Colours Asia, will have an 85% stake. The production facility will be built in Surabaya and is expected to become operational in the first half of 2013.