The President was pleased to reveal that the grand operation of Yiquan Shoes in KIT Batang, Indonesia, marked a landmark step for the Lai Yi Group after 20 years of intensive involvement in Vietnam. This investment not only demonstrates the Group's firm confidence in the Indonesian market, but also an important layout of Liyi's globalization strategy.
Lai Yi Group's investment of 1.7 trillion rupiah (equivalent to about 760 million yuan) in KIT Batang not only set a new record for labor-intensive investment in the region, but also heralded the arrival of a new period of industrial boom. This investment is expected to create around 13,000 valuable local jobs, ranging from construction to production, injecting strong momentum into the local economy.
It is exciting that the first production line of Yiquan Shoes has been successfully put into operation in May, and the new output of up to 5 million pairs during the year, showing the company's efficient operation ability and the strong momentum of market demand. What's more, with the phased expansion of the production line, its annual production capacity is expected to soar to 20 million pairs within three years, and the second factory is planning to double this figure, and the total annual output of the two factories will break through 40 million pairs, contributing to the global shoe market.
(Photo source network intrusion)
This export launch event is not only a major event for the Liyi Group, but also a key measure for the Indonesian government to promote industrial exports, promote employment and enhance international competitiveness. The president's speech was full of high expectations for the future development of the Indonesian footwear industry, and he hoped that through such cooperation and efforts, the Indonesian footwear industry can be encouraged to continue to move forward and consolidate and enhance its leading position in the global market.
In addition, the booming development of KIT Batang Industrial Park is also remarkable. At present, nearly 20 companies have settled in this dynamic land, accounting for one-tenth of the total area of the park, including internationally renowned companies such as LG Energy Solution and KCC Glass. The arrival of these enterprises has not only brought advanced technology and management experience to the park, but also injected new vitality into the local economy. According to statistics, these enterprises have invested more than 14 trillion rupiah, adding a strong ink to Indonesia's industrialization process.
In particular, LG Energy Solutions' huge investment in the Batang area shows Indonesia's huge potential and broad prospects in the field of new energy. The $2.4 billion facility will focus on the production of key battery materials such as precursors and cathodes, providing strong support for the battery industry in Indonesia and globally. The accompanying 200 GW battery factory project has pushed Indonesia to the forefront of the new energy industry.
To sum up, the successful landing and operation of Yiquan Shoes in Indonesia has not only added a brilliant stroke to the development history of Liyi Group, but also injected new vitality and hope into the economic and social development of Indonesia. We have reason to believe that in the coming days, the Indonesian shoe industry will shine more brightly in the global market.
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