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

Textiles | On 20th Jul 2017

Provide safety net for cotton growers: Congress to Trump

A bipartisan Congressional coalition has called attention of...

Courtesy: ITMF

Textiles | On 20th Jul 2017

ITMF'17 themed on tech, trade, climate in disruptive times

The International Textile Manufacturers Federation (ITMF), an...

Textiles | On 20th Jul 2017

RIL’s Q1 FY18 petrochemicals revenue up 22.9% y-o-y

Reliance Industries Limited (RIL) has reported its financial...

Interviews View All

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Giorgio Mantovani
Corman S.p.A

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Rupa Sood and Sharan Apparao

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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


July 2017

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

news category

Related Categories:

Planning to Take the Leap towards

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search