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Eden Innovations (ASX:EDE) appoints sales agent for Indonesia

ASX News, Industrial
ASX:TAS      MCAP $3.563M
27 January 2022 09:52 (AEST)

Source: Eden Innovations

Eden Innovations’ (EDE) subsidiary has appointed a sales agent for its EdenCrete product range in Indonesia.

EdenCrete is a carbon-strengthened concrete additive that enhances a wide range of performance characteristics of concrete.

Eden Innovations LLC has appointed PT Bangun Akal Indonesia, trading as Building Ai Indonesia, as its sales agent for a two-year term.

The selection follows trials in Indonesia of the EdenCrete products, undertaken by two Indonesian companies which were introduced by Ai Building. Through this, EdenCrete was proven to enable high strength, low Co2, low cost, high-fly ash content concrete mixes to be produced.

Through the appointment, Ai Building has agreed to provide full sales support and introduce customers, and will receive a commission on sales to customers introduced by Ai Building.

Eden Innovations says Indonesia is a target market for EdenCrete products due to its population of more than 275 million people. Indonesia is said to be the fourth largest producer of cement in the world, producing 73 million tonnes of cement in 2020.

Eden Innovations was up 5.88 per cent, trading at 1.8 cents per share at 12:45 pm AEDT.

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