PT Dong Joe Indonesia and PT Spotec, two Korean owned firms licensed by the Adidas Group to produce Reebok and Adidas shoes in Indonesia, have closed down due to financial difficulties and problems experienced in acquiring credit for the purchase of raw materials for production, as announced by the chairman of the Asosiasi Persepatuan Indonesia (Aprisindo), Indonesian Shoe Association, Eddy Widjanarko, in Surabaya, East Java. A third firm, PT Tong Yang Indonesia, located in Bekasi will also cease production shortly, according to the Jakarta Post.
