Taiwan’s Eclat Textile Co is planning to invest $170 million in Indonesia to expand production, diversify risk and boost capacity. A board meeting recently approved the decision to route funds into Indonesia in three stages beginning October. The first phase investment will be over by 2020 end and build a garment factory to produce 1 million units per month.
The investment aims to roll out products for the Association of Southeast Asian Nations (ASEAN) market and China, the Taiwanese garment and fabric supplier said.
The second stage will start in 2021 and build another garment plant, also with a monthly capacity of 1 million units. The third-stage investment will involve building of a weaving mill with a monthly capacity of 1 million kg.
Eclat said construction of the weaving mill is scheduled to start in two years, and before that, the company will map out details about the investment through possible suppliers to set up a comprehensive supply chain for its Indonesia plant during the two years.
Eclat is in talks with authorities of an industrial park as a possible destination for the investment but did not disclose where the industrial park is, according to a Taiwanese news media report.
The company has overseas production sites in Vietnam, Cambodia and Lesotho. (DS)
Fibre2Fashion News Desk – India