PT Indo Kordsa Tbk operates in the Tire cord and fabrics sector.
In addition to historical fundamental analyses, the complete report available to purchase compares PT Indo Kordsa Tbk with three other
tire manufacturers in Asia:
Kolon Industries, Inc
of South Korea
sales of 5.31 trillion Korean Won [US$5.10 billion]
of which 28%
(39.81 billion Indian Rupees [US$660.82 million]
of which 54%
was Technical Textiles Business), and
Xingda International Holdings Ltd
based in China
(5.25 billion Chinese Renmimbi [US$843.28 million]
of which 100%
was Steel Tire Cords).
PT Indo Kordsa Tbk reported sales of 1.63 trillion Indonesian Rupiahs (US$142.40 million)
December of 2012.
decrease of 14.4%
versus 2011, when the company's sales were 1.90 trillion Indonesian Rupiahs.
The sales level in 2012 was fairly close to the level five years ago: in 2007, PT Indo Kordsa Tbk had sales
of 1.55 trillion Indonesian Rupiahs.
Contributing to the drop in overall sales was the 58.3% decline
in Nylon Yarn, from 809.81 billion Indonesian Rupiahs to 337.34 billion Indonesian Rupiahs.
There were also decreases in sales in
Tire Cord Fabric (down 13.3% to 1.34 trillion Indonesian Rupiahs)
However, these declines were partially offset by the increase in sales of
Polyester Yarn (up 3.7% to 355.95 billion Indonesian Rupiahs)