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Effort to control imports that catch a cold
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President Jokowi's order to overcome the trade deficit was not followed up serious effort from the ranks. Secretary General of the Manufacturers of Fiber and Yarn Association Filament Indonesia (APSyFI), Redma Gita Wirawasta assessed there was no policy from the relevant ministry that significantly addressed this problem.
Asia Pacific Fiber (POLY) is waiting for market certainty to return to PTA production
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PT Asia Pacific Fibers Tbk (POLY) is holding off to produce of Purified Terephthalic Acid (PTA) in 2019. Management claimed that this significant development also affected the results of its study of the corporate action plan in order to revive PTA production facilities.
Transforms wood waste into high-value goods
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A number of youth in Cicadas Village, Babakancikao Subdistrict, Purwakarta Regency, West Java, are smoothing wooden pallets commonly used for shipping goods. They use wood pallets to be processed into items with high selling value.
Manufacturer's strategy to increase exports
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The export industry's mainstay assesses that there are still three aspects that the government must fix to increase exports, namely the integration of upstream to downstream industries, high energy prices and an increase in international trade agreements. Redma Gita Wirawasta, Secretary General of the Indonesian Filament Fiber and Yarn Producers Association (APSYFI), said the government has not yet solved a number of obstacles to improving competitiveness, such as high energy prices and high import volumes.
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