LIQUID PRIMARY PACKING (LPP) BU WAS BORN ，Sritex expected to export to five more countries this year（Jakarta Port)
Pescara, Italy (May 2016) - After four-year activity in Liquid Filling Machineries market, thanks to the success reached by Fameccanica innovative technology, we decided to create a dedicated Business unit for Liquid Primary Packing (LPP) Machineries. A further step towards our business diversification.Core Business of the LPP BU are Bottle Filling machines for Personal Care and Home Care products, each composed of a Bottle Unscrambler, a Labeller/Orienter, a Filler, a Cap Sorter and a Capper.A brand new Business Unit as a matter of fact which, in the meantime, is belonging to the World Leader for Hygiene Disposable products Converters manufaturing, taking advantage of its large organization and huge experience.
Publicly listed textile manufacturer Sri Rejeki Isman, known as Sritex, is to further expand its export market to at least five more countries in a bid to boost its total revenues by a minimum 10 percent this year.President director Iwan Setiawan Lukminto revealed on Monday that Kosovo was the company'€™s newest overseas market, the country in the first quarter ordering military uniforms, which contributed 20 percent of Sritex'€™s total sales last year.'€œWe'€™ve already exported to Kosovo. Next is Cambodia, which is expected to buy 100,000 military uniforms,'€ Iwan said, adding that the company was also in negotiations to export garments to Australia and several African countries.Sritex, which is also engaged in midstream segments like spinning, weaving, finishing and garment production, currently exports 48 percent of its products to around 30 countries in Asia, including Papua New Guinea and Timor Leste, the Middle East, including the UAE and Qatar, Europe, including Germany, Sweden, Norway and the Netherlands, the US and Africa.Following the expansion plan, the company targets a 7 to 10 percent increase in sales to between US$594 and $611 million and an 8 to 15 percent increase in net profits to between $49 million and $52 million this year.Last year, Sritex booked $555 million in total sales, up 23 percent from a year earlier, with profits jumping 50 percent to $45 million.'€œGarment-finishing products are the most lucrative segments in our production, so we will boost exports of uniforms and fashion garments,'€ Iwan said.
This year, Sritex has spent $104 million in capital expenditure ( capex ), partly on a factory in Sukoharjo, Central Java, to boost the production capacity of its finishing segment to 20 million yards per month, from a current 10 million yards per month. The rest of the capex will buy several new operational machines.Sritex finance director Allan Moran Severino said that the country'€™s economic slowdown had not greatly affected the company'€™s performance, revealing that it had booked a 7 percent increase in sales to $166 million and a 12 percent increase in profits to $14.8 million during the January-March period.'€œWe use dollar-denominated transactions and 40 percent local raw materials,'€ Allan said.In domestic sales, Allan added, the company only sold uniforms to institutional buyers such as the country'€™s largest taxi operator Blue Bird Group, state-owned postal firm Pos Indonesia, cigarette producer Djarum and state institutions including the Indonesian Military ( TNI ) and National Police ( Polri ). '€œThe rupiah'€™s depreciation mostly hit manufacturers selling to retailers,'€ he said.Meanwhile, the company'€™s overseas buyers include Japanese trading company Marubeni Corporations and Belgian textile trader Chemitex for spinning, as well as India'€™s yarn and fibers manufacturer Filatex Co and Turkish garment producer Sunteks for weaving.Customers in the finishing segment include Chinese textile company Shengrun Textile, while fashion customers include retailers like Swedish-based H&M, US-based Macy'€™s and Japan-based Ito Yokado Fashion.Sritex has allocated $86 million for next year'€™s capex, expected to be sourced from internal cash, to enter the retail business, expanding to downstream textile operations by acquiring local or global brands.'€œWe prefer to buy existing brands. Starting our own brands would be more difficult as we would need designers, outlets. We'€™d rather buy brands that already have all that,'€ Allan said, adding that the plan was expected to launch next year, as the company was still searching for suitable brands.Next year, Sritex is optimistic it will reach its targets of a 21 percent increase in sales and a 31 percent rise in profits, and claims to be the archipelago'€™s biggest textiles player.According to the company'€™s data, Sritex is the top manufacturer company in Indonesia because it had the highest revenues during the first quarter this year, defeating its competitors PT Ever Shine Tex Tbk with $10.2 million in sales, PT UNITEX Tbk with $4.5 million, PT Apac Citra Cantertex Tbk with $42.3 million and PT Pan Brothers Tbk with $75.76 million.In the global market, Sritex competes with India'€™s Vardhman Textiles Ltd. and Arvind Limited, China'€™s Shenzhou International Group and Texhong Textile Group Ltd. and Taiwan'€™s Makalot Industrial Co. Ltd.
2014-1-18 CTT Report
The evolution of the world and humankind today, is expansively determined by the advancements in science & technology. Technical Textile Industry has been largely influenced by such advancements. Hence, it becomes imperative to bring the participants of this change in this industry on a common platform.The future of composite development: from JEC America I.C.S. "innovation composite summit" professional meetings, We can see car&plane industry, carbon fiber, LFT still the focus in the future, Production automation and Biological composite material(Natural fiber and resin) are loop in discussion too. Spain Valencia,2013, Aimplas kicked off COALINE process, this line will not release volatile organic compounds and particulate emissions, by the sensor technology, advanced mold design, and microwave assisted curing coating composite materials pultrusion profiles. In addition, COALINE profiles can also laminated with other materials on line. The main application field for this coating line would be in area of buildings and cars.Glass fiber is a kind of high performance inorganic non-metal fibre, good insulation, heat resistance, good corrosion resistance, high mechanical strength, etc. The glass fiber is often used as a composite material, electrical insulation and heat insulation materials, substrate and so on various fields of China economy. The glass fiber accounted 98% of the total dosage of reinforcments around the world. China market is developing rapidly since beginning of 21 century. Resin and glass fiber capacity and technology progress keep improvement, industry cost keep down yars,it has been accepted by customers around many industry areas in China .Since year 2000 China glass fiber production capacity is 1% in the world upside to more than 60% in 2013, Beyond the USA as Nr.1 in 2010. The famous producers such as Jushi, CIPC, CTGF,Changhai Corpration etc.