JAKARTA: PT Asiaplast Industries Tbk is eyeing 10% revenue growth to IDR339.27 billion from IDR308.43 billion in 2011 following hike in production volume.
The company is currently developing its three products namely flexible film & sheet, synthetic leather and rigid film & sheet, said President Director Wilson A. Pranoto. Biggest contribution is expected to come from rigid film & sheet.
Production volume is expected to increase by 25.18% to 21,000 metric ton in 2012 from 16,776 metric ton in 2011. For this year, capital expenditure set at IDR25 billion, taken from internal cash. The fund will be used to rejuvenate machines and to purchase the new one. (T05/TW)
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