IHL receives new orders
Thai leather seat and steering wheel manufacturer Interhides Plc has announced that it expects its earnings to continue to grow driven by new leather orders for new models from Toyota (Yaris, New Camry), Nissan (Tida, New Frontier), and Mitsubishi (Cedia).
According to the company, leather seats have become more popular and it estimates that sales will rise 36% to Bt1,355 million (34.9 million).
The company is also in the process of doubling its capacity from 12 million square feet to 24 million square feet.