Footwear industry stands to gain
Mar '06
Adidas opened two new factories under the names PT Poong Won Indonesia and PT Spotec while global brand Puma is to restart operations, said Harjanto, Chairman, Indonesian Footwear Producers Association (Aprisindo).
Indonesia's footwear exports shot up $1.5 billion from $1.32 billion recorded last year and which is set to post better results this year.
Domestic sales climbed 4.5 trillion rupiah ($489.9 million) in 2005 compared to 4 trillion rupiah ($435.5 million) in previous year.
Trade Ministry's negotiations with South Korean and European businesses last year, helped industry to regain its market.
But, Government is yet to address labor regulations, financing problems and simplify leather import procedures, he said.
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