Fibertex Personal Care Sdn Bhd plans to focus on Malaysian operations to make it a catalyst for growth in the burgeoning Asian market.
The company having production facilities in Denmark and Malaysia, engages in production of non-woven fabrics which find utility in feminine hygiene and incontinence care products and diapers, and occupies a leading position in EU and Asia, Bernama reported.Fibertex Personal Care Sdn Bhd plans to focus on Malaysian operations to make it a catalyst for growth in the burgeoning Asian market.
The company having production facilities in Denmark #
To benefit from the competitiveness and strategically beneficial location of Malaysia in Asia, the company launched its operations in that country in 2002, and till date it has invested around RM 700 million in that country, Fibertex Chief Executive Officer Peter Andersen said.
Presently, the company operates a plant in Nilai 3 Industrial Park in Malaysia, and as the fourth production line, being instituted at a cost of RM 400 million, goes operational by end of the current year, it is likely to surpass its Denmark operations, Mr. Andersen said.
Commissioning of the fourth production line would take the firm's overall fabric production capacity to 70,000 tons per annum, majority of which would be exported, he added.
Japan is the single largest export destination for the company, Mr. Andersen said and added that in terms of revenue, contribution from Asian markets is soon likely to exceed that from European markets.
Holding an eight percent share in global market, Fibertex is the fifth-largest manufacturer of spunbound products for hygiene industry.
The company procures polypropylene, a petroleum by-product from Petronas and other petrochemical firms and processes it into fibres, which are sold to diaper companies that use it as semi-finished products.
Fibertex Personal Care achieved a turnover of RM 372 million during last year.
Technicaltextile News Desk - India