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Rheinmetall Denel Munition and PT Pindad of Indonesia Sign Teaming Agreement at AAD 2014
Pretoria, September 19th, 2014 - South African-based Rheinmetall Denel Munition (RDM) and state-owned Indonesian PT Pindad today strengthened their partnership with the signing of a teaming agreement at the African Aerospace and Defence Show (AAD 2014).
This follows the signing earlier this year of a non-disclosure agreement and Memorandum of Understanding (MoU) between the two parties.
Mr Norbert Schulze, CEO of Rheinmetall Denel Munition, says the teaming agreement will enable further co-operation between the two companies and encompasses several product groups as well as training requirements. The two companies will in the months to come establish working groups to find ways to develop and manufacture products for users in the region.
This is also the first step in Rheinmetalls strategy to create a manufacturing hub for South East Asia in Indonesia, Schulze said at the signing ceremony.
Mr Sudirman Said, CEO of PT Pindad says the new agreement builds on existing shared synergies both companies are national strategic manufacturers of large calibre ammunition in their respective countries. They also possess key technologies and products that can be delivered to the Indonesian defence force and surrounding countries.
We are looking forward to entering into a long-term relationship which will be of benefit to both companies and to our respective countries. Cooperation between PT Pindad and Rheinmetall Denel Munition is the first step to make Indonesia as the 'hub' for their market in Asia Pacific, he added.
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