Clover‚ Eqstra renew supply deal
Fin24 - Jun 6th 2012, 07:52
Johannesburg - Consumer goods and beverages group Clover Industries Limited [JSE:CLR] said on Tuesday it had renewed its outsourcing service agreement with Eqstra [JSE:EQS] Flexifleet for a “substantial period of time” in a move to reduce costs in the supply chain.
The company said the transaction would hold medium- to long-term benefits for both parties.
“Clover will see some early financial benefits‚ which it will use to curtail selling price increases‚“ it said.
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