INDONESIA: Korean Firm To Invest $1m In Textile Factory
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.
Help test our new apparel sourcing tool.
- What TTIP might mean for US, EU textiles & apparel
- Four steps to reduce product defects
- Unlocks for the future fashion sourcing landscape
- Geo-political uncertainty and how to survive it
- EU eyes mandatory due diligence for apparel supply
- US Q4 in brief – PVH Corp, J Crew, Perry Ellis
- H&M, VF Corp and Levi among most ethical companies
- Sears has "substantial doubt" of future
- Vietnam limits hazardous chemicals in apparel
- PVH Corp to acquire e-commerce retailer True&Co
- Central and East Europe Report Package
- Central America strategic sourcing review - a focus on Guatemala, El Salvador and Honduras
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- When Things Go Wrong - A Practical Guide to Managing Common Problems in Apparel Sourcing
- Outdoor performance apparel 2016: A broader perspective