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Related Keywords: APSyFI, dependence on import materials, entered this market, executive member, fabrics for special purposes, fulfil national demand, Indonesia many big firms, Indonesian Association of Synthetic Fiber Producers, investing, Prama Yudha Amdan, PT Asia Pacific Fibers, push up production, specialty textiles segment

Indonesia’s many big firms have started investing in the specialty textiles segment to push up production in specialty textiles or fabrics for special purposes, such as sofa and shoes to fulfil national demand amid the country's dependence on the import of these materials, said Prama Yudha Amdan, the executive member of Indonesian Association of Synthetic Fiber Producers (APSyFI).

Publicly listed PT Asia Pacific Fibers is one company that has entered this market.

Related Keywords: focus on expanding its markets, foreign exchange preferential policies, fourteen percent compared to last year, government tariff, group will make effort to increase export turnover, more especially key markets, push up production, State run Vietnam National Textile And Garment Group, Vinatex

The state-run Vietnam National Textile And Garment Group (Vinatex) General director Le Tien Tuong said that the group strives to push up production by 14 percent compared to last year. The group will make the effort to increase export turnover by 11 percent and import turnover by 9 percent. To complete the goal, Vinatex will focus on expanding its markets more especially key markets such as the US, EU, and Japan.