MYTX to Employ One-Stop-Shopping Model

By Editorial Team 23/09/2019
Summary

PT Asia Pacific Investama Tbk (MYTX) plans to enter the textile and apparel downstream industry. The company, known for manufacturing products for the upstream sector, has assessed that the market leaned towards the one-stop-shopping concept covering both the upstream and downstream. The plan is also the response to the company’s low performance in the first half of 2019. MYTX suffered from the drop in net sales to Rp 853.88 billion or down 21.75 percent year-on-year. Consequently, the company’s net losses were Rp 134.4 billion or down 29.76 percent.

However, MYTX also has to compete with domestic and overseas manufacturers, like Chinese companies, offering cheaper products. As quoted by Kontan, MYTX Director Carel Christanto Machmud revealed that the imported products could be ten percent to 30 percent less expensive than the ones produced locally. However, the company expects the 2019 revenue to grow five percent year-on-year. MYTX mostly produce yarns, greige cloths, and various type of denim.

Register now and get free access.

If you want to get free access to our Daily Insights and Weekly Digest, please click "Sign up" button below. If you already have an account, please login.

Sign up
Log in
What do subscribers receive?

As a subscriber, you'll receive daily insights, weekly business digests, and quarterly industrial reports.

What kind of pieces will i get?

In-depth reports on assumption and impact analysis, as well as update and trends mapping, written by our credible and experienced analysts.

And, there is something else…

Register now and get free access, click here to register. Feel free to contact us with any additional questions you have.