Foreign firms renew orders for $990M shoe supplies
Five multinational companies have renewed orders for Indonesian shoemakers to supply shoes valued at $990 million until July this year, Asia Pulse reported on Friday. Fila, Adidas, Nike, Reebok and Diadora earlier cancelled the orders on global economic slowdown, Eddy Widjanarko, chairman of the shoe making industry (Aprisindo) said on Thursday.
The orders were resumed by the foreign principals after the disbursement of stimulus package by the US President Barack Obama, Widjanarko said Thursday.
He said the five international brands have accounted for around 55% of the country's shoe exports, which were valued at $1.8 billion last year. The remaining 45% are non branded and sport shoes Investor Daily quoted him as saying.
Indonesia's shoe exports in 2008 were estimated to increase 10% to $1.84 billion from $1.64 billion in 2007, Widjanarko said.
December 2008 Indonesia's shoe exports reached $100 million, a figure of $1.8 billion in 2008 would be achieved. The country's shoe export target in 2008 was set between $1.75 and $1.8 billion.
The orders were resumed by the foreign principals after the disbursement of stimulus package by the US President Barack Obama, Widjanarko said Thursday.
He said the five international brands have accounted for around 55% of the country's shoe exports, which were valued at $1.8 billion last year. The remaining 45% are non branded and sport shoes Investor Daily quoted him as saying.
Indonesia's shoe exports in 2008 were estimated to increase 10% to $1.84 billion from $1.64 billion in 2007, Widjanarko said.
December 2008 Indonesia's shoe exports reached $100 million, a figure of $1.8 billion in 2008 would be achieved. The country's shoe export target in 2008 was set between $1.75 and $1.8 billion.