Global Apparel Market – An Overview | Watch NOW! | Ad
Home / Knowledge / News / Textiles / Taiwan's Lealea to buy Tarako textile plant in Indonesia
Taiwan's Lealea to buy Tarako textile plant in Indonesia
Feb '17
Courtesy: PT Indonesia Taroko Textile
Courtesy: PT Indonesia Taroko Textile
Taiwan based textile manufacturer Lealea Enterprise Company, one of the largest polyester filament yarn and polyester chip makers in Taiwan, has signed a deal to acquire PT Taroko's production facility in Indonesian city of Bandung. Taroko will be the first overseas production facility for Lealea, and it plans to begin production in the second half of 2017.

As per the memorandum of understanding signed by the two companies, Lealea will spend up to $50 million to acquire PT Taoko's textile production facilities in Bandung, the third largest city in Indonesia.

PT Taroko is a joint venture between Taipei-based Taroko Textile Co and Nan Ya Plastics Corp, one of the main subsidiaries of the Formosa Plastics Group. While Taroko Textile wants to diversify its interests beyond the textile sector, Nan Ya does not want to continue its investment, Taiwanese media reports said.

Taipei-based Lealea will upgrade the 50-hectare production site in Bandung before launching its operations there. Initially, Lealea plans to start fabric dyeing and finishing business at the plant, before expanding to yarn making.

One of the reasons for Lealea deciding to invest in Indonesia is that the Southeast Asian country enjoys duty-free status for its exports to Japan and South Korea. Hence, nearly half of the production at the new plant is likely to be exported, with most of them to these two countries.

Strong demand for textile products in the Indonesian market is also a reason behind the Taipei based company deciding to invest in Indonesia.

Meanwhile, Lealea Group, the parent company of Lealea Enterprise, is planning to open warehousing facilities in the US later this year under another subsidiary Li Peng Enterprise Company. The warehouse will store about 2,000 tonnes of nylon and polyester chips produced in Taiwan and Southeast Asia. (RKS)

Fibre2Fashion News Desk – India

Must ReadView All

Bangladesh demands better prices for garment items from US

Apparel/Garments | On 21st Sep 2018

Bangladesh demands better prices for garment items from US

Bangladesh sought better prices for its exports, especially garments, ...

Courtesy: EFI

Textiles | On 21st Sep 2018

Digital textile printing expected to grow at 20% CAGR

Digital textile printing is at this time about 3-4 per cent of all...

Courtesy:  Vishal Banik on Unsplash

Textiles | On 21st Sep 2018

Pakistan's textile exports up 3.72% in July-August 2018

The value of textile and garment exports from Pakistan increased 3.72 ...

Interviews View All

Ajay Ghariwala, Luthra Group

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Kaizad Hansotia, GetNatty

Kaizad Hansotia

Competition is the best thing that can happen to a startup

Sachin Sharma, Gem Enviro Management Pvt Ltd

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Karen Lou,

Karen Lou

Australia-based Sunseeker has been creating swimwear since 1970. Sunseeker ...

Kamal Kulshreshth,

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Sarah Perkins,

Sarah Perkins

Fairfax, Virginia-based Specialty Graphic Imaging Association (SGIA) is a...

Razvan Popescu, Directa Plus SpA

Razvan Popescu
Directa Plus SpA

Directa Plus is one of the largest producers and suppliers worldwide of...

Prof Seokheun (Sean) Choi, Binghamton University, State University of New York (SUNY)

Prof Seokheun (Sean) Choi
Binghamton University, State University of New York (SUNY)

A team of researchers from the State University of New York (SUNY),...

Chunyi Zhi, City University of Hong Kong

Chunyi Zhi
City University of Hong Kong

<div><b>Chunyi Zhi</b>, associate professor in the Department of Materials ...

Divvya and Nidhhi Gambhir, Walnut

Divvya and Nidhhi Gambhir

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Jay Ramrakhiani, Occasions Elegance Wear

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Amiben Shroff, Shrujan

Amiben Shroff

From its modest beginning in the late 1960s, Shrujan has grown into a...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on

Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

September 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category

Related Categories:

Advanced Search