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Molecor plans partnership in Malaysia

The Spanish company, whose technology is already licensed internationally, enters the key market of Southeast Asia
The Spanish company, whose technology is already licensed internationally, enters the key market of Southeast Asia

The Spanish company Molecor Tecnology SL, worldwide leader in technology and production of PVC pipes (PVC-O), announces that it has entered into a memorandum of understanding with FITTERS Diversified Berhad, to invest in creating Molecor (SEA) Sdn Bhd, as part of the international expansion strategy.

The joint venture combines the molecular orientation technology patented by Molecor, located in the five continents and the the reliability of a firm with almost 30 years of experience in Malaysia and the Southeast Asia region.

Fitters is an investment and manufacturing company whose main activities are in fire-safety materials, equipment and fire-prevention systems. Molecor said Fitters reported a 111 percent increase in net profit in 2013 "which motivates them to launch his new line of business exclusively using Molecor technology."

FITTERS is an investment and manufacturing company established in Malaysia on January 18, 1986 and is listed on the Main Board of Bursa Malaysia Securities. The main activities are in fire-safety materials, equipment and fire-prevention systems. The company reported a strong profit increase, +111% in 2013, which motivates them to launch a new line of business using exclusively molecular orientation technology made by Molecor.

This commitment is realized with the establishment of the company "Molecor (SEA) Sdn Bhd", which FITTERS is the major shareholder.

"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," said Ignacio Munoz, CEO and founder of Molecor Tecnologia.

This challenge confirms the international nature of Molecor and consolidates its international growth.

PUBLISHED: 27 Jan 14 Bookmark and Share
Company:
Molecor Tecnologia SL
Country:
Spain
Tel:
+34 902 566 577
Fax:
+34 902 566 578
Email:
info@molecor.com
Website:
www.molecor.com
Other News from Molecor Tecnologia SL:

»
Molecor launches into the market the new DN710 mm Oriented PVC Pipe
»
Molecor at Pipes XI in South Africa
»
TOM® Mechanical Calculation Program
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Molecor expands its PVC-O production capacity in South Africa
»
Molecor to present at the 2017 Plastic Pipes in Infrastructure Congress
»
Molecor repeats attendance at the 7th edition of Vinyl India
»
Molecor participates in the irrigation project of Arroyo de Calamonte
»
Molecor develops the first fittings in PVC-O
»
Presented at K2016: M-OR-P 5012 System that manufactures PVC-O pipes up to DN1200 mm
»
Molecor© improves new functionalities in the TOM® Mechanical Calculation Program
»
New 'Technical Manual for Water Network Design and Use' TOM® Oriented PVC pipe
»
Molecor© launches the new Oriented PVC Pipe DN125 mm
»
Molecor© celebrates 10 years
»
Molecor launches new website
»
The technology developed by Molecor arrives in Kazakhstan
»
Molecor will be present at the XVII Plastic Pipes Conference
»
Molecor, presented its latest news in PVC-O at the Vinyl India Conference
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Molecor enters South East Asia Water Pipe Market with local production of PVC-O pipes
»
Molecor plans partnership in Malaysia
»
Molecor (SEA) Sdn Bhd
»
Driving PVC-O technology ahead during K-2013: PVC-O pipes DN 800 mm/30" and PVC-O fittings
»
Solvin Awards: Molecor obtained the gold prize for innovation
»
Molecor: finalist in the Solvin Awards 2013
»
Molecor milestones. From K-2007 to K-2013
»
Molecor to represent Spain in Europe's most competitive business awards competition
»
Molecor, beyond the standard concept of remote assistance
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Molecor joins VinylPlus
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Molecor receives the Entrepreneur XXI Award
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Molecor doubles its annual turnover, Innovation and Internationalisation being the keys for success
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Molecor at Plastivision Arabia 2012
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