The textile industry company, PT Sejahtera Bintang Abadi Textile Tbk is a company that produces yarn for export and processing into towel products by the company's customers in Bangladesh. The United States is the country that receives the largest export from Bangladesh in line with the economic sector, especially in the Uncle Sam tourism sector.This makes the demand for goods in the form of services that are distributed to restaurants, hotels, hospitals, and shipping companies also increase rapidly. Research also shows that sales of the tourism sector in the United States have increased from March to July 2021 by 14 percent, so this growth has a considerable effect on Sejahtera Bintang Abadi Textile.
Flooded with orders, the issuer with the stock code SBAT plans to add production support machines by holding a rights issue this October.
"Currently SBAT has not been able to fulfill customer requests asking to send shipments to produce 3-4 containers in a month due to machine limitations. However, SBAT promises to fulfill this request after the rights issue process which will take place in October, where the rights issue In this case, we will add 3 sets of Open End machines," said Jefri Junaedi, as President Director of PT Sejahtera Bintang Abadi Textile Tbk in a written statement, Monday, October 11.
"SBAT hopes that the process of importing machines and installing machines can run smoothly and can start operating early next year," he added.
While waiting for the process of adding the Open End machine, SBAT plans to cooperate with textile companies in Central Java in order to speed up the production process.
Because this yarn is very important, at the same time, SBAT is ready to collaborate with a textile factory in Central Java to make Open End which is used to make these towels by leasing the factory and making Open End for the world's towel needs. With this collaboration, SBAT hopes to continue to create superior products that are in demand by the market and continue to increase its export market share, especially to Bangladesh, where its products will be exported to the United States," continued Jefri Junaedi.
For information, the company was founded in 2003, domiciled in Bandung regency, West Java. The Company is known as one of the largest textile yarn producers in Indonesia.
The yarns produced by the company are in the form of Open End and Ring Spinning yarns, these yarns are used by the company's customers to produce batik fabrics, towels, knitted gloves, denim fabrics, canvas fabrics, carpets, mops napkins, rags and other products for the home industry. ladder.
In addition to meeting the needs of the Indonesian domestic market, the company has distributed its products to various parts of the world such as: Canada, Colombia, Uruguay, Egypt, South Africa, Belgium, Croatia, Russia, Ukraine, Bangladesh, Pakistan, China, South Korea, Japan, Vietnam. , Thailand, Malaysia and more.
