ASEAN Textile Industries Agree On Supply Change
Jakarta (Berita) : Textile and Garment Producers Associations in the ASEAM region agreed on a supply change in order to survice in view of declining demands for the products in the current global financial crisis. “Textile businesses attached to association in their country have held a meeting last week to discuss the current situaiton. We all agree on a supply change program,” secretary general of Indonesian Textile Association (API) E G Ismy said here Thursday. He said that the textile industry in each ASEAN country has its own strength. Malaysia, for example, was strong in garment and fabric industries. Meanwhile, she said, Singapore was excellent in logistics and Indonesia in garments, fabrics, thread, and raw materials. However, she said, Vietnam, Lao PDR, and Cambodia were not very strong in the fabrics sector though the three were excellent in garment production. Whereas, the European Union’s demand for fabrics in those countries were having a 40% increase. In order to solve the problem, she said, ASEAN entrepreneurs agreed to support each other’s businesses by resorting to the supply change program. Countries superior in fabrics such as Indonesia and Malaysia would send their supplies to Lao PDR, Vietnam and Cambodia to fulfill the European Union’s demands in those countries. “Countries preminent in raw materials such as Thailand with its polyester production, will send its supplies to countries in need of the commodity,” she said. (ant)
(http://beritasore.com 19 July 2009)