Strong Medecine Needed
Tuesday, September 2, 2003
In addition to more working capital, the rescue of Texmacos engineering division will require a cash injection amounting to trillions of rupiah for necessary corporate restructuring.
arsip tempo : 173515220958.
IMITATE Toyota. This was the basic goal behind Marimutu Sinivasans desire to enter the machinery and automotive markets even though the Texmaco Group that he had built up controlled Indonesias domestic textile business.
There was one factor that convinced Sinivasan to try and make his dream come true. Toyota and Texmaco both started from textile machinery, he told the media, four years ago.
But instead of repeating the success of Toyota, the engi
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