Gajah Tunggal Revenues Tipped to Grow 20% in 2011

Revenues at Indonesian tyre maker PT Gajah Tunggal Tbk are expected to grow by 20 per cent next year. An article recently printed by Bisnis Indonesia reports Gajah Tunggal director Catharina Widjaja as saying capacity will be expanded to meet growing demand; four-wheeler radial capacity will grow 5,000 units a day to 45,000, while motorcycle tyre capacity will be increased from 75,000 units a day to 90,000.

Widjaja also said the company aims to sell up to 30 million tyres this year, a 20 per cent increase from 2009. This should lead to net sales increasing 25 per cent this year to Rp9.92 trillion (£707 million). Some 60 per cent of current output is exported, Bisnis Indonesia added.

Related News:

• Gajah Tunggal Profits Rise 188%

• Report: Gajah Tunggal to Expand Production Plant

• Gajah Tunngal Reports £64M Net Profit for FY2009

• Is Michelin Angling for a Majority Stake in Gajah Tunggal?

• Gajah Tunggal Looking to Fill US Market Void Left by Tariffs