Gajah Tunggal to add capacity - report

ERJ staff report (DS)

Jakarta -- Indonesian business paper Kontan is reporting that PT Gajah Tunggal Tbk is to increase its capital expenditure budget to add capacity. The paper quotes an interview with Gajah Tunggal's Executive Vice President, Corporate Communications, Catharina Widjaja

The paper says the company is to increase capital spending this year by around U.S. $ 20 million-$ 25 million. The money will be used to complate a series of expansion projects. Management set a production target of 45,000 units of radial tires per day from the end of 2011. The motorcycle tire production capacity is targeted to increase to 105,000 units per day in early 2012.

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GJTL menambah belanja modal untuk kerek kapasitas produksi

Kontan (Indonesian language)

GJTL capital expenditure to increase production capacity

Above story auto-translated into English (from Indonesian)