The Bankruptcy of Shoes Factory

The Bankruptcy of Shoes Factory

PT Bata Tbk Shoes (BATA) announced to close its factory in Purwakarta, West Java. The announcement was made in the openness of company information published through the Indonesian Stock Exchange on Saturday (4/5/2024).

Before deciding to close the factory, Hatta made sure the company had made various efforts over the past four years. This is done amid industry losses and challenges due to pandemics and changes consumer behavior so fast.

The liability company was unable to continue production at the Purwakarta plant because of customer demand for the type of product made at the Purwakarta Factory continues to decline. In addition, he revealed the factory’s production capacity far exceeded the needs that could be obtained on an ongoing basis from local suppliers in Indonesia.

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