JAKARTA (Indonsia Today) PT Unitex Tbk (UNTX) expects a lower garment production this year as its garment demand would be hit by global crisis, Bisnis Indonesia reported this morning.
Sugi Hadi Purnomo, UNTX’s director, said for this year Unitex targets to produce 700,000 to 800,000 meters of fabric per month compared to 1 million meteres in 2011.
“Last year our company grew by 11% but this year the growth would lower,” he said.
Sugi said currently 65% of Unitex’s production is exported to Australia, Japan, United States and others while 35% for domestic market. (hans@theindonesiatoday.com)