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Tag: "indonesia"

Indonesia: Cigarette makers blame costs for lower profits

Indonesia: Cigarette makers blame costs for lower profits

April 25, 2013 | Comments (0)

Cigarette manufacturers in Indonesia blamed higher production costs and currency fluctuations for the slow-down in their business throughout 2012. Revenues at PT Gudang Garam increased by 17.1 percent to reach IDR49.03 trillion ($5 billion). However, their spending also increased, jumping 25.6 percent to IDR39.84 trillion. The higher spending and losses from currency fluctuations ultimately saw […]

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Philip Morris Indonesia plans new factory

Philip Morris Indonesia plans new factory

October 18, 2012 | Comments (0)

Philip Morris Indonesia plans to boost its production and export capacity, reports the Jakarta Globe. The company intends to build a new factory in West Java in 2013 that will produce non-clove cigarettes, especially Marlboros. Philip Morris Indonesia, which employs some 200 people at its existing factory in Bekasi, also in West Java, plans to […]

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