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The Fall of Textile Factories

Monday, November 4, 2024

After Sritex, other major textile companies are also collapsing. Incentives and support are needed to curb imported goods.

arsip tempo : 1734796298100.

A worker operates a fiber spinning machine at the Asia Pacific Fibers Tbk. factory in Karawang, West Java. asiapacificfibers.com. tempo : 1734796298100.

BAD news continues to hit the textile industry. After Sri Rejeki Isman (Sritex) was declared bankrupt, Asia Pacific Fibers (POLY) announced a temporary halt in its chemical and fiber plant operations in Karawang, West Java, starting Friday, November 1, 2024. The closure of this factory, which has been in operation for three decades, is expected to reduce POLY’s annual sales revenue by up to 52 percent.

According to Asia Pacific Fibers

...

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Retno Sulistyowati

Dumping Sritex Textile Industry imported goods deindustrialization mass lay offs
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