Jun. 9, 2014
Penfibre Sdn. Berhad
Metalized film plant opens at Penfibre
28th May 2014 marked another significant milestone for Toray Group (Malaysia) when the new RM37.0 million state-of-the-art metalized film plant was declared opened, jointly by Mr. S. Hagiwara, Toray’s Vice-president and Mr. K. Maeda, the Managing Director of Toray Advanced Film Co.,Ltd (TAF) at Penfibre Film Division.
With technical support from TAF, the construction work was safely completed in December 2013 while commercial production begun in April 2014. The facility is capable of producing 375 tons of high value-added metalized polyester (PET) packaging films per month, in addition to the current PET film-forming capacity of 3,600 tons per month.
Well known for their superior qualities and performances, Penfibre’s premium packaging films, namely VM-PET and the higher grade BR-PET metalized films are engineered to meet the stringent requirements of its customers, in both Japan and South East Asian regions which has a massive consumer population of exceeding 600 million and annual growth rates of 3% to 5%.
The expansion project syncs with Toray Group’s proactive Medium-Term Management Program “Project AP-G 2016”. With its focus on advanced technology and highly skilled workers, it is in line with the Malaysian Government’s transformation programme under the second phase of its “Look East” policy, as stated by the premier, Datuk Seri Najib Razak’s in Tokyo recently.
Later at the celebration luncheon, Mr. R. Noda, the Consul-General of Japan in Penang commended the significant roles played by Malaysian based Japanese companies, including Toray which have boosted the nation’s industrialization growth over the last 5 decades. While Malaysian workforce helps Japanese enterprises to grow, Toray’s initiative to develop its advanced and high value-added products locally will further help Malaysia move up the value-chain.
Mr. R. Noda, Consul General of Japan in Penang
Mr. S. Hagiwara, Toray's Vice President