Home / Knowledge / News / Textiles / Indonesian polyester firm Tifico triples capex for 2013
Indonesian polyester firm Tifico triples capex for 2013
Jun '13
Indonesian polyester company PT Tifico Fiber Indonesia Tbk. (Tifico) has increased its capital expenditure (capex) by three times from 2012 and plans to invest US$ 6.5 million this year.

Speaking to the media, Sugito Budiono, administration director of Tifico, said the investment will be mainly utilized to set up new machinery and improve the company’s production. The company will invest about US$ 1 million for better infrastructure, he added.

This year, Tifico plans to focus on better performance at a time when there will be increase in the cost of production, raw materials, energy sources and workers’ salaries.

The company hopes to expand its market share in the global market in the near future, Mr. Budiono said.

Tifico, established in 1973, produces polyester chips, staple fiber and filament yarn. The company sells most of its products in the domestic market, while 20 percent of the products are exported.

In the Indonesian polyester market, Tifico holds a market share of about 20 percent.

In 2012, Tifico recorded production of 133,000 tons of polyester staple fiber and 65,000 tons of polyester filament yarn.

Polyester is a man-made fibre which is widely used as a raw material in textile industries to bring variation in the properties of the fabric material.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Carnegie Fabrics

Textiles | On 17th Jan 2017

Calera Capital acquires majority stake in Carnegie Fabrics

Private equity firm Calera Capital has bought a majority stake in...

President Tsai Ing-wen delivering remarks before boarding her plane bound for Central America. Courtesy: Presdient's office

Textiles | On 16th Jan 2017

‘Textiles at centre of Taiwan’s new trade arrangements’

Textiles should be at the heart of Taiwan’s thinking while developing ...

Apparel/Garments | On 16th Jan 2017

Ralph Lauren develops policy on tracking wood based fabrics

In a bid to trace source of wood based fabrics like viscose and rayon ...

Interviews View All

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Jurgen Gauger

‘Buying crowdsourced or creative designs are much more appealing to the...

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search