Texmaco enters Jordan

Texmaco enters Jordan

JAKARTA (JP): Indonesia's major textile producer Texmaco plans
to establish a US$180 million factory in Jordan in cooperation
with local and European companies, the Jordan Times reported on
Saturday.

The factory, which would be set up in the Qualifying
Industrial Zone in the Al Hassan industrial estate, will produce
thread as well as other textile-related products, the new daily
said.

According to the daily, the factory will start its operation
in 2005 and is expected to produce an output worth $250 million
annually. (06)