Melchers Enters a Strategic Partnership with 88Spares and Becomes Major Shareholder Go back »

2019-12-04 | Beijing

Melchers Enters a Strategic Partnership with 88Spares and Becomes Major Shareholder

We are proud to announce our strategic partnership with the Indonesian start-up 88Spares and to support their innovative services to achieve a lasting impact in Indonesia and beyond.

While the textile sector currently provides over 3 million jobs for Indonesian workers, the export volume of Indonesian textile products has reached $13 billion in 2018, marking a 5% increase from 2017. In 2019 the industry is set to grow by another 19%, as is expected by Statistics Indonesia. These numbers illustrate the importance of the Indonesian textile production for the country’s economic success. Therefore it is crucial for Southeast Asian island state to ensure the competitiveness and longevity of the Indonesian textile industry.

About 88Spares

88Spares was founded in 2017 and is headquartered in the Indonesian capital Jakarta. The Company envisions to become a change catalyst of the industry while serving as a digital marketplace for textile manufacturers and spare parts suppliers. By providing an online platform for specialized machine spare parts & services 88Spares is set to improve the efficiency and effectiveness of the textile industry. Therefore it is empowering one of Indonesia’s oldest industries and contributes to the prosperity and development of the country.   

About Melchers

The Melchers Group is a multinational trading and business, founded in 1806 in Germany and entered into the Asian market 150 years ago. The Melchers Group has a strong presence across Asia and employs over 1,700 people and manages over 50 companies globally.

Nicolas Helms, Managing Partner of the Melchers Group says, “We believe 88Spares will significantly change the way textile producers in Indonesia source their products – starting with spare parts. 88Spares will become an invaluable part of the Indonesian textile production landscape.”

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Source: Melchers Beijing Ltd.