National textiles industry faced with problems. (Industry Profile).

Indonesian Commercial Newsletter | December 26, 2001 | Copyright

The economic slowdown in the United States and other advanced countries have resulted in the world's TTP stock increasing by 20%. Of the total US$ 300 billion worth of the world's TTP stock, some US$ 0.6 billion (0.2%) is from Indonesia. Besides the decline in the world's TTP consumption, the national TTP industry is also faced with shrinking domestic demand. Some TTP producers in Indonesia have begun to house their employees and, if the condition of the global and domestic markets for TTPs worsens, they may have to close down their factories.

Amidst shrinking ...

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