SRIL and PBRX Issue Global Bond

Textile Stakeholders Request Strengthening Industrial Integration

Parliament Asks to Control Illegal Importation of Textiles

IKATSI Reveals Details of Import Violations

MOI Optimizes Sustainable Resources For Industrial Production

Britain Will Ban Imports From China

RPP on Industry and Trade is Less Favorable to Local

Textile Industry Optimistic Could Recover This Year

Trade Surplus, Textiles Industry Still in the Red Zone

APR Encourages Supply Chains as the Focus of the Road Map

Pakistan's Exports to Indonesia Supported by Textile Products

ARGO Optimistic Will Improve Performance in 2021

APSyFI : PLB Threatens to Eliminate US $ 8.3 Million Yarn Exports

Stake Holder : Textile Industry Needs Fundamental Changes

 

The Ministry of Finance (Kemenkeu) stated that until now there are several debtors or big obligors of Bank Indonesia Liquidity Assistance (BLBI) who have not paid off their obligations to the state. One of the obligors announced by the Ministry of Finance is the Texmaco Group belonging to the textile conglomerate Marimutu Sinivasan. Because it was judged that there was no good faith, the government finally confiscated 587 plots of land covering an area of ​​4,794,202 square meters belonging to the Texmaco Group. The plots of land are located in 5 areas, namely Subang Regency, Sukabumi Regency, Pekalongan City, Batu City, and Padang City. Some of these lands are former textile factories.

Like food, people's demand for clothing products will continue and will never stop. That is why the textile industry and textile retail business in Indonesia will continue to grow. Responding to this need, Crown Textile and Tailor introduced a new concept of shopping for textile needs with the concept of one stop shopping through Crown outlets in Jakarta. This outlet, which is located in the Pasar Mayestik area, South Jakarta, presents a variety of textile collections on its 5 floors. This is the second Crown outlet after the first store opened in Medan City, and it does not only work on the Indonesian market, but also Asia.

PT Asia Pacific Fibers (APF) Kaliwungu will expand to form a textile factory area (textile park) in the near future. With that, the company engaged in the textile (yarn) sector will need a workforce of 300-1,000 people to increase the amount of production. This was conveyed by the President Director of PT APF Kaliwungu, Ravi Shankar, Wednesday (12/1/2022). Ravi Shankar said this expansion was carried out to enlarge and expand production, considering that the company's competition in other countries is quite high. His party also needs support from the Kendal Regency Government, especially in preparing manpower and permits for expansion land.

The coal gasification project of PT. Bukit Asam will produce 1.4 million tons per year. The gasification is sourced from low-calorie coal from the Bukit Asam Tanjung Enim mine. This was revealed on Monday (10/1/22), Minister of Investment/Head of BKPM of the Republic of Indonesia (RI) Bahlil Lahadalia accompanied by the Governor of South Sumatra, Herman Deru from Hotel Santika Premiere Palembang, held a meeting via virtual zoom meeting with the Board of Directors of PT Bukit Asam Tbk (PTBA) and PT Pertamina.

After 30 years of existence, the textile finishing factory PT Indratex in Tirto, Pekalongan Regency finally collapsed. Hundreds of workers also demanded clarity on their rights in a bipartite meeting, Thursday (13/1/2022). The chairman of the Pekalongan Regency SPN DPC, Ali Sholeh, said that the management of PT Indratex at the end of December 2021 stated that the factory had officially closed. Management asked for three months to sell the factory. If three months have not been sold, it will be submitted to the bank to sell it. “We are legally conducting the first bipartite negotiations. The point is to ask if the factory closes our severance pay and when will it be received. The point is asking for clarity," said Ali Sholeh.