ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Business deals

Sumitomo seeks to build Indonesia home delivery network

Trading house invests in Lippo shipper and will team with family-run shops

People shop at the Tanah Abang market in Jakarta. With its more than 13,000 islands, Indonesia faces a challenge of establishing an extensive home delivery network.   © Reuters

TOKYO -- Trading house Sumitomo Corp. will bring Japanese expertise in establishing home delivery networks to Indonesia, an archipelago of more than 13,000 islands.

Sumitomo spent roughly 1 billion yen ($9 million) to acquire a 40% stake in Reka Cakrabuana Logistik, a ground shipper affiliated with Indonesian conglomerate Lippo Group. The deal gives Sumitomo two seats on RCL's board.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more