Expanding its global footprint, major Chinese textile manufacturer since 1986, Panther Denim is setting up new factory in Cambodia.
Originally focused on the domestic market, Panther Denim established Tat Fung Textile in 2010 to handle its booming international business. Today, the company produces massive quantities of denim and dyed fabrics, employing over 2,000 people.
To further its growth and sustainability goals, Panther Denim is building a state-of-the-art facility near Phnom Penh, Cambodia, set to open in late 2025. This factory will prioritize renewable energy, recycling, and a closed-loop waste system, making it one of the company’s most eco-friendly operations.
Emphasizing on the company’s commitment to a sustainable and innovative supply chain, Tim Huesemann, Sales Director, says, Panther Denim aims to improve innovation speed and customer satisfaction by diversifying its investments across multiple countries, gaining a competitive edge.
While China remains a key market for Panther Denim, the company also benefits from the stable workforce and favorable trade agreements offered by Cambodia. Unlike other Southeast Asian nations facing labor shortages, Cambodia presents a promising environment for denim production. Panther Denim's Cambodian operations will be independent of its Chinese facilities, ensuring existing production remains unaffected.
Cambodia's trade agreements, including the Cambodia-China Free Trade Agreement, the Regional Comprehensive Economic Partnership, and the Cambodia-Korea Free Trade Agreement, will significantly boost Panther Denim's export capabilities. These agreements will reduce or eliminate tariffs, enhancing access to Asian markets and fostering stronger trade and investment.
By expanding into Cambodia, Panther Denim aims to capitalize on a growing market while upholding its commitment to sustainability and innovation. This strategic move positions the company for continued growth and reinforces its role as a leading global denim manufacturer.