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SBD Global/April 23, 2013/Finance

Nike Indonesia Dir Discusses Possible Manufacturing Growth With Industry Minister

Nike Indonesia President Dir Jeff Perkins met with Indonesian Industry Minister M.S. Hidayat on Friday "to discuss the possibilities of making Indonesia the biggest manufacturing base for the company," according to INVESTOR DAILY. Hidayat: "Basically, Jeff Perkins was pretty happy with [Nike's] investment here." Hidayat said that "Nike is committed to invest more in Southeast Asia's largest economy." Hidayat said that Nike Indonesia "has cooperated with 38 contract factories that employ around 175,000 workers," making Indonesia among the largest manufacturing base for Nike products, apart from China and Vietnam. However, Perkins also raised several issues on the investment climate, especially in regard "to the country's labor condition." Different administrations in Indonesia "raised the minimum regional wage as a response" (INVESTOR DAILY, 4/22).
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