Jan 7, 2011

Multistrada eyes Rp3.15 trio revenue

Tire producer PT Multistrada Arah Sarana Tbk aims to  rise it revenue as much as 50% to Rp3.15 trillion this year from Rp2.1 trillion last year due to the completion of factory expansion.
Head of Multistrada Investor Relations Even Go said that to achieve the revenue target, the company will be assisted by the advancing production facility that has been conducted since last year.
“We expand our distribution network as well, either in domestic market or export. Sales still supported by export that contribute as much as 75%. None the less, domestic market also has been showing positive movement”.
The producer of Achilles, Corsa, and Strada tires is under the process of expansion. Capacity expansion is including passenger car and motorcycle tire.
Car tire production is expected to hike 28.57% to 22.500 tires per day on this first semester from 17,500 tires per day on December 2010. Expansion will continue so tire production at the end of the year could be at 28.500 tires per day.
Production capacity for motorcycle is expected to jump 100% to 16.000 tires per day on the first semester in 2011.
About 70%-80% from the total passenger car production will be exported to more than 60 destination countries. Motorcycle tire production is absorbed by domestic market.
Disclosure: No position at the stock mentioned above.

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