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MONTHLY REPORT
INDONESIAN COMMERCIAL NEWSLETTER (ICN)

INDONESIAN  COMMERCIAL NEWSLETTER
       
October 2009
       
List of Contents


FOCUS: INADEQUATE INFRASTRUCTURE DISCOURAGES INVESTMENT        1

INDUSTRY PROFILE: DEVELOPMENT OF SPINNING INDUSTRY IN INDONESIA        5

COMPANY PROFILE :
  • DAMATEX GROUP        23
  • Backgrounds        23
  • Steel Industry        24
  • Tire Industry        25
  • Industrial Estates        25
  • Financial Performance of PT Argo Pantes        26

INDUSTRY : DEVELOPMENT OF WEAVING INDUSTRY        30
  • Backgrounds        30
  • Main producers        31
  • Only a few of weaving machines modernized        38
  • Production sluggish        39
  • Imports up on growing downstream industry        40
  • Consumption        41
  • Prices        42
  • Investment        43
  • Prospects and Conclusion        44

INDUSTRY : SYNTHETIC FIBER INDUSTRY        45
  • Introduction        45
  • Main producers of synthetic fiber        46
  • Sharp competition and slump cause fall in production        47
  • Capacity utilization down        48
  • Exports growing amid dumping charges        49
  • Imports down        50
  • Competition in synthetic fiber export market        51
  • Conclusion        53

INVESTMENT : FUNDS FOR TEXTILE REVITALIZATION PROGRAM        54
  • Introduction        54
  • Revitalization to cost Rp 599 billion        55
  • Domination by large producers        56
  • 60% textile machines not fit for operation        57
  • Revitalization program not yet optimum        58
  • Sources of fund        59

TRADE : EXPORTS OF RAYON YARNS BESET BY DUMPING ALLEGATIONS        60
  • Backgrounds        60
  • Main players        61
  • Supply of basic material        63
  • Investment hindrance        64
  • Turkey largest importer        65
  • Dumping allegations        67
  • Complaining to WTO        68

CORPORATE NEWS IN BRIEF:

ECONOMICS NEWS IN BRIEF:
  • Indonesia's petrochemical industry needs US$ 22.6 billion        72
  • AC FTA a threat to Indonesian steel industry: industrialists        72
  • Indonesia's electronic industry suffers a setback        72
  • Indonesia studying possible renegotiations of LNG contracts        73
  • Indonesia to ban imports of fishing vessels in 2010        73
  • Motorcycle sales down in Indonesia in September        74
  • Contraction recorded in a number of industries        74

APPENDICES:
  • Directory of Textile Company Industry in Indonesia        75

ECONOMIC INDICATOR:
  • Economic Indicators        79
  • Export and import        80
  • Gross Domestic Product        81
  • Oil Price and Foreign Exchange        82
  • The Indonesian Economic Trends        83

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