Related Keywords: current installed textile production capacity, enhance business in the EU, gain market share on international market, known as Sritex, plan to acquire German military uniform manufacturer, Sri Rejeki Isman, Sritex exports good-quality cotton to China, vertically integrated leading textile and garment manufacturer in Indonesia
Sri Rejeki Isman better known as Sritex, one of Indonesia's vertically integrated leading textile and garment manufacturers, plans to acquire a German military uniform manufacturer. The aim of this acquisition is to enhance Sritex' business in the European Union.
Iwan Kurniawan Lukminto, Vice President Director of Sritex, said that the acquisition of the German company should be completed in 2017. The German uniform manufacturer will be the "extended arm" of Sritex in Europe. Currently, about 15 percent of Sritex' total export revenue is generated from shipments to Europe.
