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Clarification on closed Mills in Indonesia - API INDONESIA

posted Sep 2, 2017, 9:07 PM by Balasubramanian P   [ updated Sep 2, 2017, 9:10 PM ]
Many aware that there are Whatsapp forwards flooding in your inbox about Mills getting closed in Indonesia, most of the information found in whatsapp is not true. In view of the same, API - Indonesian textile association , released a note as below.  

Indonesian Textile Industry is very strong with efficient workforce availability , which is prime requirement for labor intensive textile industry.  However , due to continued market fluctuation , Mills are unable to get sufficient margin to keep the modernization plan active. While , Indonesian government is trying to do their best, negative sentiment noticed across most textile mills. Which may be resulting many change in management of many factories, closure and reduced utilization. While there are some inaccuracies in API's notification , in general below clarification on closed mills can help you to get broad idea.!

  
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