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Malaysian Apparel group Prolexus to set up new knitted fabric plant

Related Keywords: circular knitting mill, Construction will be funded, expand garment production, new share issue, Prolexus Group, reduce amount to buy from external suppliers, set up new knitted fabric plant, vertically integrated

Prolexus Group has grown to be the forerunner in Malaysia's apparel industries, making its mark across the world plans to build a new knitted fabric plant as it looks to become increasingly vertically integrated.

The circular knitting mill with an investment of US$ 10 million which will be located in Johor, about 60km from the group’s current main factory in Batu Pahat, will have an annual production capacity of around 15 million yarns of fabric.

Himatsingka Seide likely to achieve its target after a good Q3 result

Related Keywords: consolidated earning, drapery fabrics and bed linen products, global footprint, Himatsingka Group, Home textile major, home textile products, small cap textile manufacturer, upholstery fabrics, vertically integrated

The Himatsingka Group is a vertically integrated Home Textile major with a global footprint has recorded consolidated earnings before interest, taxation, depreciation and amortization (EBITDA) (including other income) grew by 2% to Rs 55.71 crore in Q3 December 2014 over Q3 December 2013.

After consolidated net profit increased 42.4% to Rs 24.51 crore on 7.4% fall in total income to Rs 466.93 crore in Q3 December 2014 over Q3 December 2013. The result was announced after market hours on 11 February 2015.

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