Search Results for: Indonesia

Indonesia’s paint and coatings sector is expected to continue to grow, driven by an expanding middle-class population, the fast-growing construction sector and ambitious government infrastructure projects, encompassing transport networks, energy and utilities.

The south-east Asian country’s paint and coatings market has grown to almost USD2.5 billion in sales revenue in the past year and sales are expected to expand at a fair clip of between 6% and 7% annually in the next five years, according to industry analysts Frost & Sullivan. …

THE MALAYSIAN government has issued a Domestic Systemically Important Banks (D-SIB) Framework, which tells financial institutions of importance to Malaysia’s wider economy to hold minimum levels of reserves to protect themselves against troubled times. Mandatory ‘higher loss absorbency’ (HLA) requirements for listed systemic banks, ranging between 0.5% to 1.0% of risk-weighted assets, will come into force from January 31, 2021.…

AN INDONESIA-based fabric and yarn innovation centre has hailed success in developing wood-based cellulose fibres that it says are set to drive business in the multibillion-dollar Asian ethnic wear market. The ‘Lenzing Centre of Excellence’ (LCOE), operated by Austria’s Lenzing Group in Purwakarta, West Java, Indonesia, has just completed its first year of operations, with its R&D focus ranging from Indonesian batik to Muslim hijabs and Indian saris.…

THE INDONESIAN government is trying to integrate digital technologies into the country’s batik sector to differentiate and authenticate its products from other Asian competitors. The world’s largest batik exporter, Indonesia’s batik exports reached USD52.4 million in 2018 and USD17.99 million in the first quarter of 2019, according to data gathered by Indonesia’s Antara news agency.…

IN a bid to modernise Cambodia’s textile and garment sectors through digitalisation, the industry is introducing innovative new software next month (February) that will help improve efficiency by improving fabric handling and cutting down repeat clothing defects by almost half – in addition to making overall gains on factory productivity.…

Airbus is to pay out EUR3.6 billion (USD4 billion) under a trio of deferred prosecution agreements (DPAs) with British, French and United States authorities that were simultaneously agreed by national courts January 31 as part of a global resolution over bribes to clinch civil and military aircraft sales.…

A queue formed at the L’Oréal stand at November’s China International Import Expo fair, in Shanghai: the French firm had set up photo opportunities to appeal the ‘Da ka’ set – Chinese slang referring to generation of selfie-taking youths who seemingly live to photograph themselves at important landmarks.…

INDONESIA is seeking to diversify its fibre production, developing new ways of utilising this country’s significant biomass to produce fibres such as rayon to create low-cost and quality clothing and achieve global competitiveness, the country’s industry ministry has told WTiN.com.

“The Indonesian textile and clothing sector is headed in a new direction, with rayon serving as a substitute for cotton,” said Muhdori, the ministry’s director of the textile, leather and footwear industry.…

KEY textile manufacturing countries in southeast Asia are investing in new machinery to upgrade their textile technology, boosting backward linkages as they seek to strengthen and update local supply chains, international trade data shows. While that level of investment in imports seems to have declined in 2018, key textile manufacturing Association of Southeast Asian Nations (ASEAN) bloc countries have been importing millions of dollars of new machinery, helping them make the most of trade deals that can insist in local fabric, yarn and fibre sourcing.…

Data by the Asia Nonwoven Fabrics Association (ANFA) shows that nonwovens production in Asia increased by a robust 6.5% year-on-year in 2018, to 5.6 million tonnes. China-based manufacturers were responsible for the bulk of this output, producing 4 million tonnes. However, but India-based production increased at faster pace, at 15.9% up, year-on-year.…