Aluminium industry crushed by Chinese competition
The chairman of the Yogyakarta Aluminum Casting Association, Beni Hendra, urged the government to study ways of containing the crisis. "Our products, such have lost in competition with Chinese products due to their cheaper prices. This needs serious attention from the government," said
He said local aluminum casting companies were hard pressed to expand because they found it difficult to get bank loans. As a result, 80% of the 65 companies in the area are on the brink of collapse. "We hope bank loan procedures will be simplified so that we can expand our businesses," said
Yogyakarta Governor Sri Sultan Hamengkubuwono X recently allocated US,000 to revive the industry. On that occasion, he encouraged aluminum casting producers in
28/06/2022 15:57