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

Textiles | On 22nd Jul 2017

Govt constitutes GST Feedback and Action Room

The Government of India has constituted a Feedback and Action Room...

Textiles | On 22nd Jul 2017

India’s cotton textile exports fell in FY17: Tamta

The overall export of cotton textiles from India declined in 2016-17...

Textiles | On 22nd Jul 2017

Stella McCartney, Bolt Threads partner for eco fashion

Fashion designer Stella McCartney has partnered with Bolt Threads for ...

Interviews View All

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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

July 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X