The Association of Indonesian Filament Fiber and Yarn Producers (APSyFI) admitted that the demand for textile products from political parties will usually come 9 months-12 months before the general election or presidential election is held. "Until now, there have been no orders for textile products from political parties," said APSyFI Secretary General Redma Gita Wirawasta, Tuesday (20/9). He added that usually political contestants order textile products, including clothing, banners, flags, and billboards.
APSyFI also ensures that it has sufficient raw materials to meet the demand for textile products for election participants. This is because the production capacity of fiber in Indonesia reaches 2.4 million tons in a year.
"If it is converted to clothing for the campaign, it will be equivalent to 300 million shirts," he added.
Redma considered that the political season on paper could be a blessing for the national textile and textile product (TPT) industry players. If all orders from election contestants are made by local textile industry players, sales of textile products during the political season may rise above 50%.
"But if we look at the current conditions with the import regulations that are still loose, we are a bit pessimistic," he explained.
Contacted separately, the management of PT Pan Brothers Tbk (PBRX) ensured that they never took part in making textile products for election participants.
"Because orders from brand customers are already quite solid for us," said Iswardeni, Corporate Secretary of PBRX, today (20/9).
In previous news, PBRX said that around 97% of the company's sales were for global brands. PBRX itself has a portfolio of international clients in the form of leading fashion brands, such as Uniqlo, Adidas, The Nort Face, Salomon, Arcteryx, J Crew, Dillard, LL Bean, Macy's Orvis, Stella McCartney, Polo Ralph Lauren, Colombia, Hunter, Black Diamond , Fleet, Joe Brown, and others.
Per quarter I-2022, PBRX sales rose 0.83% year on year (yoy) to US$ 127.21 million. Meanwhile, net profit attributable to owners of the parent entity PBRX shot up 64.71% to US$ 3.64 million. PBRX management is also eyeing a sales increase of around 10% this year.
