Pan Brothers to open four new factories in Indonesia

Publicly listed Indonesian clothing maker Pan Brothers plans to open four new factories in Central Java as part of a plan to strengthen exports and retail sales in the domestic market.

Deputy director Anne Sutanto said the firm had allocated IDR400bn (US$34.7m) to finance construction of the new factories, while part of the remaining funds would be used to forge a partnership with a Vietnamese company in the second half of this year.

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