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The latest announcement is out from Range International Limited ( (AU:RAN) ).
Range International Limited’s subsidiary, Re>Pal Indonesia, has secured its first Indonesian rental orders for 6,000 pallets, marking a significant step in the company’s growth strategy. The contracts with PT Nestlé Indonesia and PT. Sinar Mas Agro Resources and Technology TBK S highlight the company’s expansion into pallet rentals and the development of long-term partnerships with high-value clients. These agreements, valued at over A$220,000, not only strengthen Range’s market position but also validate the rental market opportunity as a crucial component of the company’s strategic initiatives.
More about Range International Limited
Range International Limited is a manufacturer of plastic pallets using its ThermoFusion™ technology to produce ‘zero waste’, 100% upcycled plastic pallets. The company operates production lines in its East Java factory in Indonesia and markets its products under the Re>Pal™ brand, supplying pallets across Indonesia and the Asia Pacific region.
Technical Sentiment Signal: Sell
Current Market Cap: A$5.36M
See more insights into RAN stock on TipRanks’ Stock Analysis page.