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D&Y Textile aims to achieve export sales target of RM1 billion in FY2019

YarnsandFibers News Bureau 2016-08-17 14:00:00 – Kulai

D&Y Textile (Malaysia) Sdn Bhd, a subsidiary of a China-based textile group, whose current export sales stands at about RM220 million, which only consists of yarns is aiming to achieve export sales target of RM1 billion in the financial year ending Dec 31, 2019.

Director/General Manager Steven Cheng after visiting the company’s new plant, as the largest textile enterprise set up with an investment worth US$200 million at Sedenak Industrial Park in Kulai, Johor yesterday said that their sales would be driven by the second and third phases of the company’s factory operation in the next two years.

With the second and third phases, they hope to increase it to RM1 billion.

Also visiting the factory was International Trade and Industry Deputy Minister, Datuk Ahmad Maslan.

Cheng said that the second phase of expansion would see an increase in yarn spindles from the current 1,000 to 1,200 by end-2017.

At present, they are also producing about 1,500 to 1,600 tonnes cotton yarns monthly, which translates into a total production of 20 million kilograms of yarns annually. With additional capacity, they hope to increase production by 20 percent more.

The third phase, company is looking at initially producing jeans under its label, as well as contract manufacturing. This phase is expected to be completed by mid-2018.

For second and third phases, the company will be investing RM500 million. For the first, they invested about RM300 million.

The new textile facility will house 200,000 spindles and bring advanced textile technologies into Malaysia. All products manufactured at the Malaysian facility would be meant for exports, which are estimated to fetch about US$ 350 million in annual foreign exchange for Malaysia.

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