◂ Announcements

Feb 26, 2017ACQUISITIONBandung, Indonesia, Indonesia

Lealea Enterprise to acquire PT Taroko plant in Bandung, Indonesia

Lealea Enterprise signed an MOU to acquire PT Taroko's production facilities in Bandung, Indonesia for up to $50 million. The plant will initially handle fabric dyeing and finishing, with operations expected to launch in the second half of 2017.

Value

$50.0M

Status

Announced

Productspolyester filament yarnspolyester chipsfabric dyeing and finishing

CompaniesNan Ya Plastics partner Lealea Enterprise acquirer PT Taroko Indonesia target Taroko Textile partner PT Taroko target

Sectors#Industrial Textiles

“Chairman James Kuo has made investing in Indonesia one of Lealea’s strategic priorities and set the goal of launching operations at the Indonesian site in the second half of the year.”taipeitimes.com

2 sources
taipeitimes.comLealea buying PT Taroko plant in Indonesia - Taipei TimesFeb 26, 2017
wwd.comTextiles Gear Up for Future Expansion and InnovationGenevieve ScaranoMar 15, 2017

Summarized from public sources; check the original articles before acting on it.

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