Jan 11, 2011

Latinusa eyes 15% sales rise in 2011

Tin plate maker PT Pelat Timah Nusantara Tbk eyes to have 15% increase in sales this year, or Rp1.5 trillion, compared to Rp1.3 trillion in 2010.
Financial Director Pelat Timah Nusantara (Latinusa) Erwin said that the expected income was in line with the predicted product sales at 115,000 ton, growing from 105,000 ton last year.
“The increase in income matches the company’s production capacity that is expected to reach 160,000 ton as we are running the project to enlarge capacity,” he said yesterday.
For this year, as he added, the company has set capital expenditure (capex) around Rp125 billion, to support the enlargement of capacity and production machine (revamping).

Disclosure: No position at the stock mentioned above.  

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