Sejahtera Bintang Abadi Textile Company Flooded With Orders From The United States

JAKARTA - The textile industry company, PT Sejahtera Bintang Abadi Textile Tbk produces yarn to be exported and processed into towel products by the company's customers in Bangladesh. The United States is the country that receives the largest export of towels from Bangladesh along with the increasing economic sector, especially in the tourism sector in Uncle Sam's country.

This makes the demand for goods in the form of towels which 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 yarn to produce 3-4 containers of towels 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 through In this rights issue process, 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 an Open End machine, SBAT plans to cooperate with a textile company in Central Java in order to speed up the yarn production process.

"Because this need is very important, at the same time, SBAT is ready to collaborate with a textile factory in Central Java to make Open End yarn which is used to make this towel by renting the factory and making Open End yarn for the world's towel needs. With this collaboration, SBAT hopes to continue to create superior yarns that are in demand by the market and continue to increase 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.