Molecor (SEA) Sdn Bhd

PUBLISHED: 22 Dec 13

Molecor (SEA) Sdn Bhd
Molecor (SEA) Sdn Bhd

Molecor Tecnologia S.L. announces that it has entered into a Memorandum of Understanding with Fitters Diversified Bhd to invest in Molecor (SEA) Sdn Bhd as part of this strategy to enter the market of pressure Pipes in Malaysia and other South-East Asian key markets.

FITTERS was incorporated in Malaysia on 18 January 1986 and listed on the Main Board of Bursa Malaysia Securities Berhad. The principal activities of FITTERS are investment holding and trading of fire-safety materials, equipment and fire-prevention systems. The company reported a sharp increase of 111% net profit in 2013, which motivates them to launch his new line of business exclusively using MOLECOR TECHNOLOGY. Fitters emerges as the major shareholder in the company Molecor (SEA) Sdn Bhd.

"We're clearly convinced about the PVC-O pipe possibilities worldwide and the entrance in the Asian market with a reputed partner is a new business venture model with a promising future" stated Mr. Ignacio Munoz, CEO and founder of Molecor Tecnologia S.L.

Molecor Tecnologia SL, Spain
Tel: + 34 902 566 577
Email: info@molecor.com
Web: www.molecor.com

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