PT Pan Brothers Tbk (PBRX) has allocated a capital expenditure (capex) of around US$ 5 million this year. The funds will be used for maintenance and maintenance needs.

"Throughout 2020 and 2021, PBRX concentrates on increasing capacity through automation, digitization and upskilling of all existing personal lines," said PBRX management.

As is known, since last year, the company has added new product lines by producing PPE in the form of masks and hazmats. This is in accordance with the letter of the Financial Services Authority (OJK) No. S307/D.04/202030 December 2020 regarding Submission of Policies related to Addition of Public Company Business Activities to Support the Handling of the Covid-19 Pandemic. Management claims the PPE division has succeeded in increasing the company's profitability last year.

A little illustration, the company managed to record sales growth in 2020 of 2.98% on an annual basis or yoy to US$ 684.89 million. Likewise, net profit increased by 17.15 percent, from the previous US$ 20.23 million to US$ 23.71 million.

"PBRX is proud to have succeeded in continuing production during this pandemic to fulfill orders from our global brands, and adapting to create an PPE division that has increased our profitability," said PBRX management in a statement.

Furthermore, the management explained that the biggest sales of PBRX are still held by the garment division. Where, in 2020 the portion reached 96.9% of the company's total sales. Meanwhile, the textile and other divisions contributed 3.1% of the total revenue last year.

Until now, PBRX has an installed capacity for the garment division of 117 million pcs per year. This capacity is still the same as last year's capacity.

A little information, PBRX has been trusted to produce garments for various global brands, such as Uniqlo, Adidas, The North Face, Salomon, Arcteryx, J Crew, Dillard, LL Bean, Macy's, Orvis, Stella McCartney, PBRX is also supported by continuous product development. develop and will further strengthen and complement PBRX's competitiveness in domestic and international markets.

"PBRX is also supported by the textile industry, garment embroidery, garment printing, garment washing, as well as the retail division that markets its own brands," concluded the management.

The company has not officially released its financial statements as of June 30, 2021. However, until the end of March, PBRX recorded an increase in sales of 3.70% yoy from US$ 121.65 million to US$ 126.16 million.