The Purwakarta mill, a US$ 40 million spinning mill facility in Purwakarta, West Java, Indonesia is the newest feather in Indorama Synthetics cap. Indorama, Indonesia’s biggest producer of textile raw materials has opened the doors for its ninth plant in Indonesia, which was inaugurated at the beginning of by the country’s Investment Coordinating Board (BKPM).
Franky Sibarani, BKPM chairman when asked mentioned that Indorama’s expansion can support the government’s plan to reduce unemployment and improve the locals’ income in Purwakarta district, while also improving foreign exchange earnings from exports.
The plant, which has a capacity to produce 10,800 metric tons of textile raw materials per annum, is situated on a 50 hectare plot land that has been owned by Indorama since 1997. Franky was hopeful that the plant would create270 new job opportunities in the time to come.
According to the company’s website, Indorama Synthetics – controlled by Indian-born businessman Sri Prakash Lohia – has been listed on the Indonesia Stock Exchange since 1990. New investment in the textile and textile products industry last year stood at Rp 8.3 trillion, up 35.7% compared to a year earlier. BKPM mentioned that the new local investment in the sector was recorded at Rp 2.7 trillion while foreign investment contributed Rp 5.4 trillion.
