Jakarta (VNA) – Fiber manufacturer PT AsiaPacific Rayon (APR) recently launched the largest viscose rayon production plantin Indonesia, which was built with an investment worth 15 trillion rupiah (1.1billion USD) in Riau province.
Addressing the inauguration ceremony, Indonesian PresidentJoko Widodo affirmed that with the opening of the facility, Indonesia is one step closer inthe "Making Industry 4.0" roadmap.
The roadmap, which was revealed in 2018, aims to makeIndonesia among the 10 largest economies of the world by 2030.
Indonesian Minister of Industry Agus Gumiwang said that byoptimising the availability and use of domestic raw materials, Indonesia can boostthe performance of its textile sector.
This is just one of several steps of the country in a bid tobetter the performance and competitiveness of the labour-intensive industry, headded.
The APR facility has an annual production capacity of 240,000tonnes. It is estimated that APR may generate export revenues exceeding 1.77trillion rupiah (128 million USD) per year and reduce dependence on importedraw materials by about 2.01 trillion rupiah (151 million USD) annually.
The manufacturing company had exported its goods to 14countries, including Pakistan, Bangladesh, Brazil and several countries acrossEurope./.