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

 

Vietnam recorded economic growth of 7.72 percent (year on year/yoy) in the second quarter of 2022. The Vietnam General Statistics Office said that the growth of Gross Domestic Product (GDP) was influenced by high exports to the United States (US) and the recovery in public consumption due to the lack of restrictions due to Covid-19. Wednesday (29/6/2022), Vietnam's economic growth in the second quarter of 2022 was much higher than the previous quarter, which reached 5.05 percent. Vietnam's economic growth in the second quarter also marked an economic reversal from -6.02 percent in the third quarter of 2021 or in the July-September range. The economic contraction at that time was influenced by the government's decision to restrict the movement of people, much more strictly than in neighboring countries.

 

PT Pan Brothers Tbk (PBRX) this year is eyeing an increase in sales of up to 10 percent compared to last year. With economic conditions starting to recover and automation and digitization of operations to be more efficient, it is hoped that the company's targets can be achieved. Pan Brothers Finance Director Fitri Ratnasari Hartono explained that this year the company will focus on automation and digitization of operations to make it more efficient. "This is expected to increase the company's production output by 10 percent this year," said Pan Brothers Finance Director Fitri Ratnasari Hartono, Tuesday (28/6/2022).

Chemical and polyester producer, PT Polychem Indonesia Tbk (ADMG) admits that the business challenges this year are quite tough considering that world crude oil prices have soared. As a result, the company temporarily stopped its polyester factory in Karawang, West Java. The increase in world oil prices has been going on since the beginning of this year. Quoting Bloomberg, today (27/6), the price of WTI oil has touched the level of US$ 107.90 per barrel while Brent oil is at the level of US$ 113.78 per barrel. In previous news, ADMG had stopped the production of the polyester factory in Karawang at the end of March.

 

Textile chemical manufacturer of Adidas and Nike products, PT ChemStar Indonesia Tbk (CHEM) views that business prospects in the textile and textile products (TPT) industry are getting better, so the company decided to conduct an initial public offering (IPO). According to the President Director of ChemStar Indonesia, Kwee Sutrimo in a press release launched in Jakarta, Monday (27/6), currently the direction of domestic and global economic recovery is getting better, so this condition will encourage an increase in demand for industrial products.

 

Micro and Small Industry (IMK) is part of the manufacturing industry sector which has a significant contribution in creating jobs and income distribution. Micro industry is an industry that has a workforce of 1-4 people, while small industry is an industry that has a workforce of 5-19 people. The Governor of Kaltara, Drs H Zainal A Paliwang SH, M.Hum explained, the growth of Micro and Small Industry (IMK) production in the first quarter of 2022 increased by 7.70 percent compared to the fourth quarter of 2021.