South Korean company PT Daeyoung Mekar Jaya plans to invest US$1 million in a textile project in the Bandung region of West Java according to a filing at licensing agency The Capital Investment Coordinating Board (BKPM).

The plant will start commercial operation in May 2005 and will have an annual capacity of 5 million metres of greige fabric.

This investment bucks a trend for Bandung-based textile companies to move their factories to China and Vietnam.