Prolexus Group, a leading name in the Malaysia's apparel industry is in the process of establishing a new knitted fabric plant as a part of its plans to become a vertically integrated company.
The company will invest $ 10 million in the new circular knitting mill which will be located in Johor, about 60km from the group’s current main factory in Batu Pahat, and will have an annual production capacity of producing around 15 million yarns of fabric.
The company is looking forward to start developing the new factory in 2016. The completion of this project is expected to get over by 2017, and an initial production capacity is projected to be about 4.5 million pieces annually. The new knitting mill will also let Prolexus expand its garment production business. The production of its own knitted fabrics would allow better control over the supply chain of its garment production and position the group to conform to the yarn forward rule of origin under the TPPA.
Construction will be funded through the new share issue. Prolexus also plans to start a new garment manufacturing plant in Vietnam’s in Tien Giang province to take advantage of the various benefits expected under the Trans-Pacific Partnership Agreement (TPPA). It already has three manufacturing plants located in Malaysia and China to serve customers requirement while the retailing business has its own brands under Be Elementz and Bixiz Kids.
www.prolexus.com.my
