Publicly listed Indonesian clothing manufacturer Pan Brothers is to invest US$70m in a major three-year expansion to help the company tap the potential of South East Asia’s emerging garment markets.
The company, which makes a number of global brands, is also setting its sights on expanding to other countries in the region, such as Vietnam, Cambodia and China, to reach a wider market.
Vice chief executive officer Anne Patricia Sutanto (pictured) said that as part of the expansion programme Pan Brothers is partnering with Japan-based Mitsubishi, the company’s biggest customer, to establish seven factories between 2014 and 2016.
The company’s factory-building partnership with Mitsubishi started last November, with Pan Brothers holding an 85% stake.
For the full story, see the September 2014 edition of Textiles South East Asia. Not a subscriber? Sign up HERE