PT Ricky to expand distribution<\/p>\n
JAKARTA (JP): Mens underwear producer PT Ricky Putra
\nGlobalindo plans to expand its domestic distribution networks by
\ninvesting Rp 35 billion (US$14.8 million) beginning next year.<\/p>\n
Ricky Putra's president Ricky Gunawan said over the weekend
\nthat the new distribution centers would be opened in the
\ncountry's major cities, including Palembang, Bandung and
\nSemarang.<\/p>\n
The expansion is expected to increase the company's market
\nshare at home, he said, adding that the company exports around 30
\npercent of its products to South Africa, Europe and Japan.<\/p>\n
\"GT Man, the company's leading brand product, presently holds
\nup to 60 percent of the mens underwear market at home,\" Ricky
\nclaimed.<\/p>\n
The company produces three different brands of men underwear
\n-- Ricsony, GT Man and Ricky -- for lower, medium and higher
\nincome customers.<\/p>\n
Ricky said that GT Man accounted for 60 percent of the
\ncompany's yearly production 96 million pairs of underwear.<\/p>\n
Ricky Putra, which was founded in 1988, booked Rp 10.87
\nbillion in net income as of last month, up from Rp 9.30 billion
\nin 1995.<\/p>\n
Sales revenues totaled Rp 105.18 billion in the January to
\nNovember period this year. The company's sales revenues are
\nprojected to increase to Rp 115 billion this year from around Rp
\n94.64 billion last year, he said.<\/p>\n
In addition to mens underwear, the company also produces polo
\nt-shirts as well as children's and ladies casual wear, 70 percent
\nof which is sold domestically.<\/p>\n
He said that the company also planned to establish
\ndormitories, a child-care center, a primary school and a training
\ncenter for its workers. The facilities are intended to improve
\nthe productivity of workers, most of whom are women.<\/p>\n
\"We will start constructing the facilities on a 30-hectare
\nareas near the factory next year at a total cost of around Rp 4.5
\nbillion,\" Ricky said. (04)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/pt-ricky-to-expand-distribution-1447893297",
"image": ""
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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