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Sritex set capital expenditure of US$245mn to increase production capacity

Related Keywords: capacity expansion, capital expenditure, garment division, operate new plant rayon, reduce import of raw materials, Sritex, third rayon factory in Indonesia, vertically integrated textile and garment company, weaving and spinning yarn

PT Sri Rejeki Isman Textile (Sritex) a leading vertically integrated textile and garment company plan to operate the new plant rayon (fiber) worth US $ 250 million or equivalent RP 3.2 trillion with a capacity of 80 thousand tons per year by next year which will reduce imports of raw materials by 30 percent. This will be the third rayon factory in Indonesia after PT Indo Bharat Rayon and PT Pacific Viscose.

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