INDONESIA: Pan Brothers Shift Sales From US To Europe
The slowdown in the United States has prompted garment maker PT Pan Brothers to increase exports to Europe. The company has shifted its export balance so that the US now takes 60 per cent of its business compared with the previous figure of 70 per cent. Europe, meanwhile, has grown from 30 per cent to 40 per cent of its export market, despite that fact that selling to smaller buyers located in various countries increases overheads.
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