Advertisement Advertisement Advertisement
 
 
Lost Password?
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.


	
Product
Find millions of selling leads from around the world,now!
Featured Company
88Spares Global Indonesia
TIFICO FIBER INDONESIA PT (PT. TIFICO)
SUSILIA INDAH SYNTHETIC FIBERS INDUSTRIES, PT (SULINDAFIN)
Pollyfin Canggih, PT
PT. TESTEX TESTING AND CERTIFICATION

Data & Statistic
  INDONESIA' EXPORTS / IMPORTS OF TEXTILE COMMODITIES JAN-MAR 2019
  INDONESIA' EXPORTS / IMPORTS OF TEXTILE COMMODITIES

Special Feature
  Texprocess presents ‘Digital Textile Micro Factory’ for the first time
Home arrow Latest News arrow Duniatex is like an elephant in the textile industry


				
			
			
Duniatex is like an elephant in the textile industry PDF Print E-mail
Written by Maizer   
Thursday, 19 September 2019

Duniatex Group, a textile producer which is considered the largest in Indonesia, finally began to default on credit installments after rumors of default could have surfaced some time ago. The textile industry entrepreneurs had conveyed the Duniatex case to President Jokowi, during their visit to the Palace.

 

"Certainly the difficulty of one industry, but this one is considered as one of 1 million mosquitoes, this is not a mosquito, this is an elephant. If this is an elephant it means that it controls the market in Indonesia no less than 20 percent," said Chairman of the Indonesian Textile Association (API ) Ade Sudrajat.

 

He said Dunitex, which controls 20 percent of the market, when it is difficult it can do anything to get better cash flow. So that competition occurs in the market that harms 80% of other industries, by selling cheaper to get fresh funds to cover various needs.

 

"We convey to the president, even though he answered beyond his reach, because of that BI and OJK matters, of course, but we expect, fair treatment of this industry and the existing industries that are not problematic, so between those who have problems with those who have problems must be treated fairly, "said

 

He said that mastery of Duniatex, which controlled more than 20%, would greatly affect other industries. So that when they are restructured credit also impacts other business actors.

 

"Let alone with 1% interest rate. The interest rate is only 5% difference with other industries, of course other industries will get sick, the term is cured and sick, because it competes with 20% (market share)," he said.

 

 
		
More Latest News & Recent
The Ministry of Trade Supports Increased Exports of Textile Products
Sri Mulyani Will not Give Tolerance to Naughty Importer
88Spares strengthens management team and enters into strategic alliance with Melchers Group
Preventing Textile Import Leaks, Ministry of Trade Revised the Ministry of Trade 64
Association Suspected Leakage of Textile Imports from Public Ports
Latest Selling Leads
kain twill kembang 2019-03-26
Printmate 2017-10-27
Label 2017-04-07
Canvas Fabric 2016-04-29
POST   |   MORE
Latest Buying Leads
kain katun jepang 2019-03-26
Cari Kain 2019-03-26
Twill Pants 2017-04-07
All Finish Fabric 2016-03-21
POST   |   MORE
  EXPERT PERSPECTIVE
Export Perspective of Textiles Industry
Suharno
IKATSI Chairman
Export Perspective of Textiles Industry
Read more...
Advertisement
Advertisement
Advertisement
 
 | Home | About Us | Contact Us | Organization Link | Our Publication | Advertisement | Sitemap | CSR | Term & Condition  | 
Copyright © 2008, All rights reserved by CV. Gaindo Pratama Indonesia.