The Coimbatore-based Slivertex Engineers has tied up with Teijin, a Japanese company, to manufacture products made of Teijin polyester fibre.

P. Muthiah, managing director of Slivertex, told presspersons here on Friday that the company had invested Rs. 15 crore at its plants in Coimbatore and Madurai and planned to invest Rs. 10 crore each in Pune and New Delhi to set up new facilities this year.

Agreement

It entered into an agreement with Teijin a year ago for raw material and technology. The raw material (high performance polyester fibre) was sourced from Japan and polyester cushion materials were made in Madurai. These were then made into mattresses here.

The Pune plant would be to make acoustic material with the same raw material and the New Delhi plant to make products for the automobile sector.

The company produced about 200 mattresses a day now and this would be scaled up to 400 in three months. The mattresses were sold under the brand Fibbo.

In the case of acoustic and automobile products, the company was a tier-two supplier to larger companies.

Kenichiro Yabuki, managing director of Teijin India, added that the 98-year-old company was present in India since 2007 in automobile applications, protective apparels, photo voltaic modules for the solar energy sector and electrical and electronic product segment.

It supplied the products to the Indian market from its manufacturing facilities in other countries.

It needed to see increase in volume of sale to invest here.

While the Teijin fibre was supplied to India (Slivertex) to make products for the domestic market, these could also be used to supply to countries in West Asia and Africa, he said.

source: http://www.thehindu.com / The Hindu / Home> News> Cities> Coimbatore / by Special Correspondent / Coimbatore – May 02nd, 2015