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JV between Indonesian and South African companies set up

15 Apr '21
1 min read
Pic: Shutterstock
Pic: Shutterstock

Leading Indonesian garment company Pan Brothers Tbk and South African MSME Faithfulness have signed a deal to set up a joint venture company. The new company, Pan Africa, will import personal protective equipment (PPE) half-processed garments from Indonesia and then finalise the processing at a Johannesburg factory.

The Indonesian Ambassador to South Africa, Salman Al Farisi, said in a statement after inaugurating the project on April 8: "Establishing a factory by involving local resources and local wisdom is the most tangible form of bilateral cooperation. Today, we are witnessing a manifestation of good concerns and thoughts between the two countries."

Ambassador Al Farisi was accompanied by the head of the ITPC (Indonesian Trade Promotion Centre) in Johannesburg, Anggun Mahdi and the director of Faithfulness, Selina Siganga.

Fibre2Fashion News Desk (SG)

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