Sign up for the GBG Indonesia Quarterly Business Intelligence Report for the latest news on your sector.
Sign Up
An esteemed garment manufacturing company for blue-chip global fashion brands that is renowned for its highly-advanced production processes
Contact Us
An esteemed garment manufacturing company for blue-chip global fashion brands that is renowned for its highly-advanced production processes
Contact Us
An esteemed garment manufacturing company for blue-chip global fashion brands that is renowned for its highly-advanced production processes
Contact Us
An esteemed garment manufacturing company for blue-chip global fashion brands that is renowned for its highly-advanced production processes
Contact Us
An esteemed garment manufacturing company for blue-chip global fashion brands that is renowned for its highly-advanced production processes
Contact UsThrough years of industry experience, Pan Brothers Tbk has created a blue-chip client portfolio consisting of notable fashion brands such as H&M, Nike, Adidas, and Stella McCartney among other reputable names. Having created highly-developed upstream and downstream manufacturing operations, Pan Brothers Tbk has become a reliable local partner for the production of durable, high-quality apparel. Pan Brothers is set to utilise its international network of clients to boost exports of the company’s in-house fashion brands, ZOE and the recently-acquired menswear brand, Salt n Pepper; the aforementioned brands continue to garner market success within Indonesia’s highly-competitive retail sector. By upholding stringent quality standards in addition to creating an effective production system, Pan Brothers is well-positioned to further boost its export capacity for its esteemed clients’ products as well as in-house line of apparel.
On 22nd May 2017, Pan Brothers Tbk held its Annual General Meeting of Shareholders for the 2016 financial year at the Graha CIMB Niaga building in Jakarta. The meeting served several agendas such as the company’s 2016 financial report, dividend distribution, and changes to the company’s Article of Association among others. Present at the event were senior-level members of Pan Brothers Tbk which included President Director Mr Ludijanto Setijo, President Commissioner Mr Supandi Widi Siswanto, and Ms Anne Patricia Sutanto as the company’s Vice President Director.
At the meeting, Pan Brothers Tbk highlighted its increase in net profits, with 15.20% growth in sales from $418.5 million USD in 2015 to $482.2 million USD in 2016. Total assets increased by 17.31% to $519.5 million USD while equity also grew by 5.46% from $215.8 million USD to $227.6 million USD. The company’s highly diversified garment manufacturing division contributed to 97.53% (or $470.2 million USD) of total sales with textiles supporting the remaining 2.47% (or $11.9 million USD). Furthermore, Pan Brothers Tbk plans to increase capital expenditure and capacity building in the 2017-2018 fiscal year through the construction of new factories in Central and West Java which will expand the company’s garment manufacturing capacity to 111 million pieces in 2017 and 117 million pieces in 2018 — the company currently boasts a yearly production capacity of 90 million pieces. Other policies agreed upon in the meeting include engaging in new partnerships, developing its in-house brands in addition to acquiring those from abroad to be manufactured and marketed in Indonesia. These key measures are aimed at ensuring sustainable operations for the long-term.
Pan Brothers Tbk’s General Meeting of Shareholders has demonstrated the company’s capacity to strengthen its position as a leading integrated garments producer in Indonesia and Asia. Through its positive financial growth in 2016, the company will continue to invest in its upstream and downstream manufacturing operations as well as in the latest technology to cater to constant shifts in consumer preferences and increasingly stringent quality requirements.
