Indonesia's largest textile firm to double output by 2015

30/04/2013
PT Sri Rejeki Isman (Sritex), Indonesia's largest textile manufacturer, aims to double its production by 2015 to service the world’s growing apparel needs.

The Surakarta-based company, whose clients include Uniqlo and Wal-Mart, is planning to list on the stock exchange in June and use the funds it raises to pay for the expansion.

The company is controlled by the Lukminto family, which aims to raise about $154.35 million in the listing. The plan is to double garment capacity to 16 million pieces in 2015.