Indonesia: PT Asahimas 1Q sales up, exports hit by dollar

Indonesian sheet glass producer PT Asahimas Flat Glass Tbk has posted net sales of IDR 358 billion for the 1Q of 2003, a 2% rise year-on-year.
The sales value rose despite a 2% decline in volume to …

Indonesian sheet glass producer PT Asahimas Flat Glass Tbk has posted net sales of IDR 358 billion for the 1Q of 2003, a 2% rise year-on-year. The sales value rose despite a 2% decline in volume to 102,000 tons, said company director M. Soleh Dagusthani. Soleh said the increase was due to a rise in sales on the domestic market, both in value and volume, as exports fell 11% in value in IDR terms. He said the decline in the export value was caused by contraction in export volumes and the weaker U.S. dollar.