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Hualon acquisition to raise Reliance polyester production capacity

10 Sep '07

3 min read

This acquisition will help to achieve global vision of Reliance polyester sector through easy access to other Western markets. Reliance's existing R&D will help the industry in Malaysia to launch innovative products catering to high value premium segments.

The integrated facility at Hualon will help RIL to comprehend the entire textile value chain and hasten new product developments in polyester.

Hualon:
Established in 1989, Hualon is an integrated polyester to textile manufacturing company in Malaysia with half a million tons of polyester capacity, 250 000 spindles for spun yarn manufacturing, 5800 shuttleless looms for weaving along with processing facilities. The company also has nylon filament manufacturing capability.

The company has highly automated plants, cutting edge technology and the most advanced machinery. Hualon was placed into receivership on 30th November 2006 and Mr Lim Tian Huat, Mr Adam Primus Bin Abdullah and Mr Stephen Duar, all of Ernst & Young, Malaysia were appointed the receivers and managers of Hualon with effect from that date.

Reliance Industries Limited

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