60 Textile firms in Indonesia closed between 2022

60 Textile firms in Indonesia closed between 2022, 2024 Recent reports indicate that a significant number of textile firms in Indonesia have closed between 2022 and 2024, with the Indonesian Association of Textile and Fashion Industries (APSyFI) confirming the closure of around 60 companies in this sector. This trend has raised concerns within the industry, as it highlights the challenges that textile manufacturers face domestically and globally. Silent Crisis 2025: Apparel Industry’s Several factors are contributing to the difficulties in the textile industry, including rising production costs, competition from cheaper imports, fluctuations in raw material prices, and evolving consumer preferences. Many firms are struggling to adapt to these changes, leading to financial distress and ...