WOOD Signed MOU With WIKA For The Aljazair Subsidized Housing Project

WOOD Signed MOU With WIKA For The Aljazair Subsidized Housing Project

Sidoarjo, March 29th, 2019

On 27th March 2019, PT Integra Indocabinet Tbk. (WOOD IJ) signed Memorandum of Understanding (MOU) with one of Indonesia largest state owned enterprises (SOE) construction company PT Wijaya Karya Tbk. (WIKA IJ). Prior to the event, WIKA obtain financing from Indonesia Eximbank for the development of subsidized housing in Aljazair, North Africa. The project will be the development o 1,700 units of subsidized housing in Baraki and El-Harrach, and another 2,250 units in Ain Defla and Khemis Miliana.

Under the MOU, WOOD will be supporting WIKA in furniture procurement for their project. Going forward, we expect to obtain more project base revenue stream through cooperation with developers and construction companies.

About PT Integra Indocabinet Tbk:

Founded in 1989 in Sidoarjo, East Java, PT Integra Indocabinet Tbk is the largest vertically integrated wooden products manufacturer in Indonesia. Integra has established itself as the fastest growing furniture manufacturer with international and domestic accreditation. Integra also promote the use of sustainable resources and support the livelihood of local community. In fiscal year 2017 Integra employs approximately 2,499 team members across Indonesia.

 

For further information, please contact:

E-mail    : corsec.integra@iil.co.id

Tel          : (62 31) 891 0434

Website : www.integragroup-indonesia.com