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RANGE INTERNATIONAL LIMITED — Capital/Financing Update 2020
Dec 3, 2020
65662_rns_2020-12-03_e4c0dfda-1112-4a37-9f30-159c685b826a.pdf
Capital/Financing Update
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ASX Announcement
4 December 2020
Unilever OleoChemicals Q1 2021 order for Re>Pal pallets
Highlights
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New order of 8,288 pallets for Q1 2021
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Total order value 1,280,181,056 IDR (approximately US$90,500)
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This is up compared to Q1 2020, where 4,736 pallets were ordered for a total order value of 731,532,032 IDR
Range International Limited (ASX: RAN) ( Company or Range ) is pleased to announce that Unilever OleoChemicals (UOI) has confirmed its reordering for Q1 2021 and has provided Re>Pal with a new order in Indonesia for 8,288 NP1090 100% recycled plastic Re>Pal pallets. The total value for this order (excluding delivery cost) is 1,280,181,056 IDR (approximately US$90,500). The pallets are to be delivered throughout Q1 2021.
These pallets are for UOI’s factory in Medan Indonesia and are used for export.
Stephen Bowhill, Managing Director of Range commented “Unilever’s increased volume for Q1 2021 gives me some confidence in the overall economy and that businesses are adapting to the new normal of dealing with Covid-19. Unilever remains an important foundation customer of Re>Pal and we continue to deepen our relationships with their business units across Indonesia and SE Asia, as they are also committed to making a more sustainable planet.”
UOI’s payment terms are standard 60 days from delivery.
This announcement has been approved for release by the Board of the Company.
About Range International:
Range is a manufacturer of plastic pallets, trading as Re>Pal™. Our ThermoFusion™ technology allows Re>Pal™ to make ‘zero waste’, 100% recycled and recyclable plastic.
Range currently has production lines operating in its East Java factory in Indonesia and sells its pallets under the brand Re>Pal™, supplying pallets into Indonesia and across Asia/ globally.
For more information about this announcement please contact: Stephen Bowhill [email protected] or +61403852734 Richard Jenkins [email protected]
RANGE INTERNATIONAL LTD ACN 611 998 200 | Level 5, 126 Phillip Street Sydney, NSW 2000 | www.rangeinternational.com