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

PT Sejahtera Bintang Abadi Textile Tbk. (SBAT) plans to conduct a rights issue to expand its market share overseas.President Director of Sejahtera Bintang Abadi Textile Jefri Junaedi said SBAT plans to increase capital up to Rp132 billion. The company plans to use funds of Rp70 billion to purchase 3 sets of Open-End machines and their supporting facilities. The remaining funds are planned to be allocated as working capital such as purchasing raw materials, paying for utilities, paying for labor and purchasing spare parts, Sejahtera Bintang (SBAT) Boosts Exports to Latin America.

The Indonesian Filament Yarn and Fiber Association (APSyFI) stated, "Regarding the United States Department of Commerce's (US) antidumping decision on polyester yarn from Indonesia, it has become a new obstacle to the export performance of the Indonesian textile and textile products (TPT) industry. Moreover, the textile and textile product (TPT) industry is currently trying to boost the export market, including to Uncle Sam's country.Secretary General of APSyFI Redma Gita Wirawasta said that until now his party has not received official information from the government regarding the anti-dumping of polyester yarn. However, several related companies have submitted reports to APSyFI.

Indonesian industry players urge the government to intervene due to soaring coal prices. The reason is, until now the government has not taken a policy to save the domestic industry, it seems to allow this condition. This is very worrying considering that if the government does not intervene immediately, the impact on the domestic industry will be very large. In addition to increasing the selling price of the product, this condition can lead to termination of employment (PHK) due to rising energy costs.So far, the Domestic Market Obligation (DMO) coal price capping policy of US$70 per metric ton is only for the general electricity sector or only for PLN. As a result, when global coal prices soar as they are now, many domestic industries that have been using coal such as cement, petrochemical, textile industries, have experienced difficulties. The reason is, the price of DMO coal they buy from domestic miners still refers to global prices.

Weaving and songket are one of the traditional textile products that can be found in many areas in Indonesia. Each region has its own characteristics. Both in the technique of making and different motifs, as the cultural identity of the area. In fact, weaving and songket are not just a piece of cloth. However, the noble cultural symbols have penetrated social life and contain the spiritual values ​​of the people. Not only are the patterns, motifs or colors different, but the philosophy behind each work always follows its existence. All become a national identity. Likewise, batik, weaving and songket are assets and intangible cultural heritage of the Indonesian ancestor.

Being a natural and environmentally friendly fiber brand, TENCEL fiber, in collaboration with one of the partner yarn and fabric producers, PT Laksana Kurnia Mandiri Sejati (LAKUMAS), is participating in the fashion world in Southeast Asia dedicated to traditional woven fabrics for the first time. TENUN Fashion Week will be held on October 15 to 17, 2021 virtually.Through this style competition event, TENCEL and LAKUMAS will present a number of experts in the textile and weaving industry who are full of inspirational stories. This event will share about innovation and creation of woven products with environmentally friendly and sustainable materials. Not only that, this program is also held to empower women weaving activists so that they can have a positive economic and social impact on their communities.