Mon, 14 Jan 2008
A number of textile companies plan to build new garment factories with a total investment of Rp1.1 trillion ($122 million) this year, the Indonesian Textile Association (API) said, Asia Pulse reported Tuesday (8/1/08).

Growing demand has prompted the plan by six large companies - PT Sritex, PT Argo Pantes, PT Sari Warna Asli, PT Batik Keris Utama, PT Lucky Print Abadi and PT Apac Inti Corpora - and ten other smaller companies.

Each of the six companies will invest Rp100 billion to produce 12,000 garments annually, API chairman Benny Soetrisno said.

In 2007, the country exported 380,000 tons of garment valued at $5.97 billion or an increase of 13.2% from the previous year.



News Search/Filter
Transaction Rates
19 Dec 17
Buy
Sell
BTC1
253,823,050
253,823,050
Taxation Exchange Rates
31 Aug 16 - 06 Sep 16
USD 1
13,232.00
AUD 1
10,043.30
CAD 1
10,213.70
DKK 1
1,999.40
HKD 1
1,706.22
MYR 1
3,283.28
NZD 1
9,623.63
NOK 1
1,605.23
GBP 1
17,433.70
SGD 1
9,757.68
SEK 1
1,569.45
CHF 1
13,631.10
JPY 100
13,101.00
MMK 1
11.01
INR 1
197.29
KWD 1
43,920.70
PKR 1
126.23
PHP 1
285.00
SAR 1
3,528.53
LKR 1
91.12
THB 1
382.08
BND 1
9,756.53
EUR 1
14,885.50
CNY 1
1,987.61

Okusi Associates: Indonesian Business & Management Services