PT Multistrada Arah Sarana, Indonesia’s second biggest tyre maker, expects its 2014 sales to grow 5 percent to 340 billion rupiah ($28.84 million) on increasing demand in its export markets, mainly the Middle East, said Director Uthan M.A. Sadikin.
The company plans between $30 million and $40 million capital expenditure this year to boost capacity. (Kontan, Investor Daily, Bisnis Indonesia)
Note: Reuters has not verified this story and does not vouch for its accuracy. ($1 = 11790.0000 Rupiahs) (Compiled by Jakarta Newsroom; Editing by Anupama Dwivedi)