Technology investments help fibre sector prune costs

The man-made fibre sector in Indonesia has received a boost, with three major manufacturers having invested US $7.1 million on new plant and machinery which will help them cut costs.

The three fibre manufacturers are PT Teijin Indonesia Fiber Corp., PT Indonesia Toray Synthetic and PT Sulindafin. The new machinery will run on cheap gas instead of costly electricity and help them make competitive.

Giving out details, the Secretary General of the Indonesian Synthetic Fiber Producers Association (APSYFI) said that, the new machines are capable of slashing between 5 and 10 percent of the current energy costs incurred by the companies. These three companies had purchased the new machineries under the technology up-gradation programme initiated by the government, which entitles them to claim a subsidy of 10 percent on total investment.

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