In contrast to cars, which moved in the fast lane, tire manufacturers listed on Indonesia Stock Exchange (IDX) were all in the slow lane last year. The oldest player, Goodyear, reported 9.4% drop in sales revenue, while Gajah Tunggal (GJTL) and Multistrada Arahsarana (MASA) posted 1.8% decline and 0.9% growth respectively.
To subscribe please click here