Chinese company to set up spinning plant in Central Java

Shenzhen Stock Exchange-listed Jiangsu Lianfa Textile is to set up a spinning factory in Central Java next year with an investment of IDR5-6trn (US$350-422m), according to Ade Sudrajat, chairman of the Indonesian Textile Association (API), reports the South China Morning Post.

The factory will produce yarn for shirt-making, reducing the cost of yarn imports by US$1bn for Indonesian shirt-makers and helping them produce final goods such as fabrics and shirts more speedily for the US market, he said.

For the full story, see the May 2019 edition of Textiles South East Asia. Not a subscriber? Sign up HERE