CSM estimates 150b dong profit in H1/2012

Southern Rubber Industry Joint Stock Co (coded CSM) estimated to gain 150 billion dong pre tax profit in the first half of this year, said Le Van Tri, CSM’s deputy general director.

Tri added that CSM is focusing on speeding up the progress of building its tire production factory in the southern province of Binh Duong. The factory will be carried out in three phases, of which, the first phase will last from now till 2013 with an expected capacity of 350,000 units per year, with total investment of about 1.7 trillion dong.

It is expected that in June 2013, CSM will put this factory into operation.

 

Category: Business