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.
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