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

Currently, the need and demand for textile products abroad is considered quite large. To meet the needs of foreign textiles, a textile industry development center is needed. Seeing this opportunity, PT Asia Pacific Fibers (APF) Kaliwungu plans to expand its development to increase its production. Not only that, PT APF also proposed to the government that the textile industry in Kendal be developed into a Textile Park. The President Director of PT APF, Ravi Shankar said, the successful country of the textile industry is the one that is able to integrate the textile area into a Textile Park.

 

Textile manufacturer PT Trisula Textile Industries Tbk. (BELL) expressed his hope for the improvement of the performance of the domestic textile industry this year. Until the third quarter of 2021, the textile and apparel industry still recorded a year-on-year contraction of -3.34 percent. However, the contraction rate has shrunk from the second and first quarters of 2021, namely -4.54 percent and -13.28 percent, respectively. Corporate Secretary of Trisula Textile R. Nurwulan Kusumawati said the direction of improvement in the domestic market had begun to be felt in the last quarter of last year, which was welcomed by intensifying retail products and customized orders.

 

The Institute for Development of Economics and Finance (Indef) predicts the growth of the textile industry this year will only touch 3 percent, below the Ministry of Industry's target of 5 percent. Indef Executive Director Ahmad Tauhid said there are still several factors holding back the industry's growth in 2022 after last year's contraction for three consecutive quarters. First, there is still uncertainty surrounding the spread of the Omicron variant of the Covid-19, the impact of which can restrain demand in shopping and trade centers.

 

After letting fashion lovers wait for a long time, Prada and Adidas launched a capsule collection called Pradidas. This collection combines the characteristics of the two well-known labels. Reporting from Versus, there are collections in the form of sports clothes, jackets, and tops. There are also accessories such as bucket hats and bags. You'll find the three iconic white or black stripes of Adidas, as well as the Prada emblem or triangular shape in this collection. Pradidas are made from Prada's signature material, Re-Nylon. Quoting from GQ, the Re-Nylon material was first introduced by Prada in 2019.

 

The Indonesian Filament Yarn and Fiber Association (APSyFI) projects that the production volume of the upstream textile industry will grow to 1.9 million tons this year. APSyFI Secretary General Redma Gita Wirawasta said this figure grew from the production volume before the pandemic in 2019 of 1.82 million tons, with details of 630,000 tons of polyester fiber, 600,000 tons of rayon, and 590,000 tons of filament yarn. "[Production volume] will be able to return to 2019, even slightly higher, at least 5 percent than before the pandemic," said Redma, Tuesday (11/1/2022).