INDONESIA: Adidas to source $140 million in clothing & sporting equipment

JAKARTA: German sporting goods maker Adidas-Saloman AG will source $140 million in clothing and sporting equipment from Indonesia-based foreign firms.

"Adidas is set to order 14 million pieces of apparel and other sport equipment from various producers in the country," the report quotes Minister of Trade Marie Elka Pangestu as saying.

Pangestu says Adidas is also planning to relocate 20% of its China-based production capacity to Vietnam and Indonesia.

The report doesn't say when Adidas will begin the relocation, or explain why the company is reducing its China-based operations.


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Added: August 29, 2005 Source: Agencies
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