Indonesian company: plan to increase the production capacity of polyester yarn

Indonesia's leading manufacturer of nylon yarns, polyester yarns and cord fabrics, PTidoKordsaTbk plans to increase its polyester yarn production capacity. The company plans to invest USD 30 million in 2012 to expand its production capacity.

Cuneyt Tekgul, assistant general manager of accounting for IndoKordsa, said the expansion funds will come from the company’s equity capital and external funding.

Tekgul added that other funds will be obtained through foreign investment and banks. He said that the company is actively seeking financial growth.

IndoKordsa company secretary Andreas Lesmana said that the increased funds will be mainly used to expand the company's polyester yarn production capacity, production capacity will increase by 25% from the existing 18,000 tons/year to 26,000 tons/year.

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