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This textile company based in Sukoharjo, Central Java, started its business by producing textile products with a capacity of 600 meters - 700 meters per year. Although the 1994-2004 period was a difficult decade for the Indonesian economy, Sritex continued to weave glory. In 2008, the expansion carried out was very large, reaching 50% of its original condition. Furthermore, since March 2017, SRIL shares have slowly slumped and then since July 26, 2019 have continued to slide until finally falling at the level of Rp146 because it was suspended by the IDX since May 18, 2021 until now. Until finally, the Semarang Commercial District Court (PN) decided on bankruptcy status for Sritex on Monday (10/21/2024). #Bankruptcy #Sritex #Textile #Prabowo #Permendag #Manufacturing Keep up with the latest news only on: Website https://context.id/stories Instagram / broad.cash Spotify https://open.spotify.com/show/6C5e0qI...