Tire producer PT Multistrada Arah Sarana Tbk raise US$200 million loan from HSBC and CIMB Niaga. The company plans to use the loan to fund expansion plan.
The company plans to prepare a total of IDR1.5 trillion fund in the next three years to support the expansion scheme of production capacity of car and motor tires.
Based on research from PT Pemeringkat Efek Indonesia (Pefindo) on January 15, 2010, the production expansion scheme is to cover tire demand at domestic and international markets.
Car tire production capacity last year stood at 15,700 units per day rose from 12,827 units per day in 2008. The motor tire production volume swelled 205 percent from 2,394 units per day into 7,300 units.
The research unveiled Multistrada planned to expand the production volume of car tires by 81.53 percent as from 15,700 units per day into 28,500 units up to 2013.
Motor tire volume will either be increased by 119.18 percent from 7,300 units into 16,000 units per day.
With the full utilization level, Multistrada production now stood at 13 percent from the total national tire production.
Car tire production capacity last year stood at 15,700 units per day rose from 12,827 units per day in 2008. The motor tire production volume swelled 205 percent from 2,394 units per day into 7,300 units.
The research unveiled Multistrada planned to expand the production volume of car tires by 81.53 percent as from 15,700 units per day into 28,500 units up to 2013.
Motor tire volume will either be increased by 119.18 percent from 7,300 units into 16,000 units per day.
With the full utilization level, Multistrada production now stood at 13 percent from the total national tire production.
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