KLBF - Another ASP hike as last resort

KLBF - Another ASP hike as last resort Kalbe Farma (KLBF) is considering to make another increase of its products' average selling price (ASP) due to recent IDR depreciation vs USD as their last resort. Based on KLBF' info, 90% of its raw materials are imported. As for now, KLBF will continue with its product mix strategy and pushing for new product innovations using local raw materials instead of imported raw materials. For long term, KLBF will focus more on products that based on local raw materials and will diversify more of its suppliers. All in all, these efforts will help KLBF to reduce the cost pressure and maintain its margin. (Source: Bisnis Indonesia)