Pan Brothers to open 2 new factories in Indonesia
12 Aug 17 2 min read
Pan Brothers has allocated $30 million for constructing the two factories in Java.
The economic growth in Asia has led to a growing demand for the company in the Asian market, said Anne Patricia Sutanto, vice president director of Pan Brothers, while speaking in Jakarta.
Pan Brothers is also constructing another factory in West Java under the subsidiary PT Theodore Pan Garmindo, according to a leading Indonesian daily. About $5 million has been allocated for it. Its construction will begin in 2018 and operations will start in 2019. It is expected to increase the company’s annual production capacity by 6 million pieces.
The company produces clothing for brands like Adidas, Lacoste, Calvin Klein, Uniqlo and North Face. Over 93 per cent of its products are marketed in Asia, accounting for 56 per cent of the sales. The US and Europe account for 26 per cent and 17 per cent of the sales, respectively. (KD)
Fibre2Fashion News Desk – India
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