Publicly listed Sri Rejeki Isman — popularly known as Sritex — expects a surge in uniform sales in the years to come thanks to an anticipated increase in military spending by North America and Europe, key markets for Southeast Asia’s largest textile manufacturer.Sritex president director Iwan Setiawan Lukminto told The Jakarta Post recently that his company expected to see a boom in its uniform sales beginning next year on the back of an expected increase in military spending in its exportdestinations.“We have a strong portfolio in the uniform business, accounting for about 20 percent of our total revenues,” Iwan said …read more
Source: The Jakarta Post
