PT Prima Inreksa Industries (PII), an Indonesian shoe manufacturing company...

2009-03-12T00:00:00

PT Prima Inreksa Industries (PII), an Indonesian shoe manufacturing company that had worked for Adidas since 1997, faces bankruptcy for failing to meet debt payments worth over US$37 million. Creditors include the Bank of Negara Indonesia and CV Cisarua, a leather supplier. The problem stems from the global financial crisis ...

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