Gajah Tunggal Sales to Increase 20 per cent
The sales of PT Gajah Tunggal Tbk are likely to increase 20 per cent compared with last year’s figure of 3.8 trillion Indonesian rupiah (£214 million), the company has reported. Gajah Tunggal director, Catharina Widjaja, said the growth was due to increased domestic demand and additional sales to Michelin & Cie. The company, which is 10 per cent owned by Michelin is under contract to supply the French manufacturer with 5 million tyres per annum until 2010.