Asahimas counts on domestic market to boost sales

Flat glass manufacturer PT Asahimas Flat Glass (AMFG) says that it expects to reach its net sales target of Rp 2.78 trillion (US$288.38 million) for 2012 on higher demand from local construction firms and automobile makers.

The target is 7 percent higher than the net sales the firm booked in 2011.The nation’s growing economy contributed positively to the company’s performance during the first nine months of this year.

Asahimas, a subsidiary of Japan’s Asahi Glass Co. Ltd., booked a 13 percent rise in net sales to

Rp 2.09 trillion.

The domestic market continued to dominate the firm’s net sales at 67 percent of the total, followed by exports at 33 percent. Domestic sales topped Rp 1.4 trillion in the first nine months, up 24.1 percent from the same period last year.

“There are more and more construction projects in Indonesia. Car sales also keep on increasing, which yields good results for our business in Indonesia,” Asahimas corporate affairs director Rusli Pranadi said on Friday.

Read more here.

600450 Asahimas counts on domestic market to boost sales
Date: 15 November 2012

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