Taiwanese investors Build Shoe’s Factory worth IDR 529 Billion in Cianjur

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Desember 7, 2015

Cianjur– In the middle of the issue of Employment’s Termination (PHK) and laying off employees in the footwear industry, Indonesia Investment Coordinating Board (BKPM) even recorded new investments in the shoe industry. For example PT Pou Yuen for Indonesia will build the shoe factory in Cianjur starting this year.

The factory, covering an area of ​​58.5 hectares, was built by Taiwanese investors will have production capacity of sports shoes to 10 million pairs / year. These shoes will be produced to satisfy the export market.

The total value of investments reached US $ 36 million or Rp 529 billion until 2019. Until now, PT Pou Yuen has been realizing the investment expenditure which worth US $ 26 million.

Labor will be absorbed annually to 3,000 people and up to the completion of construction in 2019 will absorb 15,000 people.

“It is very encouraging and proving that Indonesia is still an attractive country for intensive and export-oriented investment,” said Head of BKPM Franky Sibarani during a visit to the PT Pou Yuen shoe factories for Indonesia in Cianjur, Saturday (03/10/2015).

The shoe factory will supply the shoes for a number of well-known brands such as Adidas, Nike, Converse, and so on. It was estimated that the total value of exports could reach US $ 100 million per year.

Franky added, an export-oriented shoe manufacturing presence in Cianjur proves that West Java, especially some regions such as Cianjur, Majalengka, Garut and surrounding areas, still has great potential and competitive for labor-intensive investment.

Such investments are also very encouraged by the government to reduce the number of unemployed in Indonesia, especially in the midst of layoffs today.

“With the realization of investment PT Pou Yuen Indonesia in 2015, it can support a government program to reduce the number of unemployment significantly and increasing foreign exchange through increased exports,” he concluded.

source: www.detik.com

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