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Stake Holder : Textile Industry Needs Fundamental Changes

The Coordinating Minister for Human Development and Culture (Menko PMK) Muhadjir Effendy together with the Main Director of BPJS Ketenagakerjaan (BPJamsostek) Anggoro Eko Cahyo accompanied by the local government visited a number of labor-intensive industrial locations in West Java, Wednesday, 16 November 2022. The industrial companies reviewed included PT Kahatex in Rancaekek, Bandung, and PT Chang Shin in Karawang. This visit follows reports from a number of associations to Coordinating Minister Muhadjir that there are companies engaged in labor-intensive industries such as textiles that are experiencing slowing performance.

The composite stock price index or JCI tends to be stagnant amidst the wait for the announcement of the BI reference rate (BI7DRRR). The index closed the session at the level of 7,017.2, strengthening 0.04 percent lower than the closing figure on Wednesday, November 16, 2022, at 7,014.3. As of the end of today's first trading session, 211 stocks rose, while 290 fell, and 192 were stagnant. "The transaction value reached IDR 5.7 trillion, the trading frequency was 721,468 times and the trading volume was 110.7 million lots," said PT Samuel Sekuritas Indonesia's team of analysts, Tuesday, November 15, 2022.

 

The upstream and downstream textile and textile products (TPT) industries are currently sluggish. This is due to the impact of global oil prices which are still high and still above 200 US dollars per barrel. Secretary General of the Indonesian Filament Yarn and Fiber Producers Association (APSyFI), Redma Gita Wirawasta, revealed that the increase in crude oil prices caused an increase in the prices of the main raw materials for Polyester and Acetic Acid as Rayon's main auxiliary materials. "This is a challenge for us, because to maintain production output, we need additional working capital," he explained, Tuesday (4/19/2022).

Textile materials in the Industrial Revolution 4.0 have now begun to be developed in Indonesia, especially by the STTT Bandung Polytechnic, the Ministry of Industry of the Republic of Indonesia. Textile sensors are textile materials that have the ability to sense stimuli from the surrounding environment. The manufacture of touch sensors using the principle of capacitive sensors made of textiles offers better form features and interface flexibility between humans and machines compared to conventional electronic touch sensors in general.

PT Trisula Textile Industries Tbk (“BELL”), an issuer of quality fabrics, uniforms, and fashion, as a textile company with more than 50 years of experience, has various fabric variants, each with its own advantages. As well as, continuously creating new products that are varied and competitive. BELL has expertise in customized orders using the latest machining technology which is always updated. Meanwhile, BELL provides 100% Polyester, Polyester Rayon, Polyester Cotton fabrics, where the Company's most in-demand fabric products are fabrics that have the ability to "stretch" both one way and two way.