TIN, Jan 14. 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.
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