Home / Knowledge / News / Apparel/Garments / Indonesian apparel firm Pan Brothers eyes 30% sales growth
Indonesian apparel firm Pan Brothers eyes 30% sales growth
19
May '12
Despite a slowdown in Europe and the United States (US) – two of its key markets – PT. Pan Brothers TBK, one of Indonesia's leading garment manufacturers, is eyeing a 30 percent rise in its sales for current year, mainly owing to rapidly growing Asian markets.

Anne Patricia Sutanto, Vice Chief Executive Officer of Pan Brothers, said while Europe is weakening, Asian markets are developing at a faster pace. Hence, the company, which till now remained focused on European clients, is now eyeing Asian markets.

To cater to the anticipated rise in demand, the firm decided to develop four garment factories in Boyalali, Central Java with total investment of Rp 300 billion or US$ 33 million.

While two of these factories have already commenced operations at 40 percent capacity, the other two are likely to go operational this year –one in June, while another in August.

The two new factories would have 25 assembly lines and 1,500 machines and would produce garments to cater to international brands like Adidas, Nike and The North Face. These are expected to generate around 2,500 new jobs.

Meanwhile, Ms. Sutanto said launch of a personalized brand remains the ultimate goal of any garment producer, and Pan Brothers is no exception. The company proposes to launch its personalized brand and penetrate in garment retailing space, next year.

Pursuant to its plan to penetrate in retail space, the firm proposes to invest Rp 35 billion, from the Rp 419 billion that it made from rights issue, last year.

Also, it intends to embark on production of apparel items like polo shirts for international brands. Over the next five years, the company expects its retail business to contribute about 10 percent of its overall revenues.

The company made Rp 2.7 trillion in revenues during last year, which is a 52 percent higher than 2010, while its net profit for 2011 came to Rp 72.1 billion, a two-fold rise over 2010.

The share of company's exports to Asian markets surged from 9 percent in 2010 to 17 percent last year. But at the same time, its exports to the US fell from 40 percent to 33 percent, while those to Europe plummeted from 51 percent to 49 percent.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: H&M

Apparel/Garments | On 30th Mar 2017

H&M group's sales increase 7% in 3 months to Feb '17

The H&M group's sales including VAT amounted to SEK 54,369 million...

Textiles | On 30th Mar 2017

Vietnam’s textile & garment exports earn $4bn in Jan-Feb

Vietnam earned $4 billion from textile and garment exports in the...

Textiles | On 30th Mar 2017

India Inc should work for July 1 GST roll out: Fin sec

The Goods and Services Tax (GST) will take India into a very exciting ...

Interviews View All

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search