Indonesia’s oldest shoemaker Bata closes its only factory

The company said that low demand had led to huge excess capacity, and that its board of directors had approved on April 30 the decision to halt production. — The Jakarta Post

JAKARTA: P. T. Sepatu Bata, the oldest footwear manufacturer in the country, had ceased production at its only factory in the West Java regency of Purwakarta due to a drop in demand, the company says.

The publicly listed company, which is best known for its Bata and Marie Claire brands, said in a statement that low demand had led to huge excess capacity, and that its board of directors had approved on April 30 the decision to halt production.