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APSyFI: The national textile industry is headed for a trade deficit, 2018 exports grow 1% and imports grow 14% (yoy).--IKATSI: The growth of the national textile industry is still hampered by floods of imports, Indonesia needs a clothing security law.

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Home arrow Latest News arrow Manufacturing is Ready for Implementation of Industry 4.0

Manufacturing is Ready for Implementation of Industry 4.0 PDF Print E-mail
Written by Maizer   
Friday, 12 April 2019

Although domestic economic growth in the first half of this year reached 5.18%, it seems that it has not been able to push the performance of textile companies. The average net profit collected by textile issuers in the first semester of 2016 was still depressed.


 However, eight of the 15 textile issuers managed to achieve a varied income increase of up to 30%.


Managing Director of PT Sri Rejeki Isman Tbk. (SRIL) Iwan Setiawan Lukminto said the textile industry is fairly broad. There are industries increasing, not a few are depressed.


"Our SRIL sector is still good and there is an increase. API is indeed pressing for electricity tariffs to be considered for old customers as well," he said.


Sritex Corporate Secretary Welly Salam, said he was optimistic that the company's performance this year was in line with the target set. This year's sales are targeted to increase 5% -8% to around US $ 680 million.


The management codenamed SRIL shares confirmed the contract until the end of the year. For military clothing garments, he is optimistic that he will pocket a contract next year because the company's winning rate in the tender reaches 90 percent.


"Overall, the sales target rose by 5% -8%, in the first semester alone, 56% of the total sales target," he said.


The company targets at least three new export destinations. The company belongs to the late H.M. Lukminto also boosted demand from existing countries.


This year, the management of Sri Rejeki Isman allocated a capital expenditure budget of US $ 50 million. The capital expenditure fell 37.5% compared to last year which reached US $ 80 million.


The decline in Capex this year occurred gradually after the company accelerated investment in 2014 from the initial target of US $ 55 million, to US $ 134 million. Last year, the company also budgeted US $ 104 million, reduced to US $ 80 million.


This year's capital expenditure budget of US $ 50 million, he said, would be used for finishing and repairs. The rest, a small portion of the funds will be used for garments.


In the first half of this year, SRIL pocketed a net profit of US $ 32 million, increase of 6.35% from the previous year of US $ 30.09 million. Meanwhile, SRIL sales rose 2.45% from US $ 362 million to US $ 371 million.


On a different occasion, the Corporate Secretary of PT Pan Brothers Tbk. (PBRX) Iswar Deni said the company's performance will reach its peak in the second half of this year. The company does not have an electricity burden because it does not divide working hours for 24 hours.


According to him, electricity only contributes about 1% of the total costs in the garment industry. Meanwhile, the textile and fiber industry is estimated to be far more depressed.


"Competitiveness is weak because we are too late to invest there. Indonesian banks consider the textile industry to be sunset, so banks do not disburse funds to the textile industry," he explained.


He considered, government support for the textile sector was a little late. The biggest challenge must be faced by textile companies because of the continued rise in technology and prices of machines.


Pan Brothers Deputy President Director Anne Patricia Sutanto on another occasion said that until the first half of this year, the company's textile and garment production had reached 45% of the total target throughout the year. As of December 2016, total production is projected to reach 90 million pieces.


"We have no inorganic action plan because we only acquired the company in February. The production capacity will increase by 9 million pieces per year from the new factory garment," he said recently.


Despite not releasing mid-year financial reports, issuers codenamed PBRX shares are optimistic they will reap the target of this period. The capital expenditure (capex) has been absorbed by more than 60% of the total US $ 25 million.


Separately, Corporate Secretary of PT Eratex Djaja Tbk. (ERTX) Juliarti Pudji Kurniawati, assessed that her party could not represent the yarn and fabric industry because of the burden difference. As a garment company, he acknowledged that the company does not use too much electricity.


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