Indonesian tanners

17 April 2007

Investors from China, Taiwan and South Korea are in talks to take over the production capacity of three troubled shoe makers which closed with the loss of 18,000 jobs at the end of last year. According to the chairman of the Indonesian Footwear Association (Aprisindo), Eddy Widjanarko said: 'The three manufacturers, PT Tong Yang, PT Dong Joe and PT Spotec, mainly make footwear for Reebok (owned by Adidas, Germany). PT Tong Yang, Bekasi, have been looking for new financing and PT Dong Joe closed last October when their owners left the country. Their sister company PT Spotec closed when their suppliers refused them further credit. The latter two factories are situated in Tangerang on the outskirts of Jakarta.

Privacy Policy
We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.