Jakarta - PT Formosa Ingredient Factory Tbk (BOBA) won a contract from PT Quaker Indonesia to produce, process, package, and store certain products.

"Thus, the company will add new product lines in developing Quaker," said the company's management in information disclosure on Monday (5/17).

Following the contract, the company will receive additional revenue, allowing it to improve its business continuity and provide added value to shareholders.

"With the funds of the agreement, there is an attachment between the company and Quakers in carrying out their rights and obligations in accordance with applicable regulations," he said.