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Article: INDONESIA'S SMELTING GRESIK PREDICTS DECLINE IN PROFIT.
- Article from:
- AsiaPulse News
- Article date:
- October 9, 2009
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JAKARTA, Oct 9 Asia Pulse - Indonesian company PT Smelting Gresik predicted its profit will shrink to less than US$30 million this year form US$40 million last year on falling price of copper cathode.
The price of cathode fell to US$3,000 per ton at present from US$8,000 last year, Budi Priyono Handogo, a company manager, said.
The company has gradually expanded its capacity from 200,000 tons to 271,000 tons at present, Budi said.
He said the capacity will be expanded ...