D&Y Textile targets export sales of MYR1bn

D&Y Textile (Malaysia), a subsidiary of the China-based Shandong Daiyin Textile & Garment Group, is aiming for export sales of MYR1bn (US$246m) in the 2019 financial year.

Director and general manager Steven Cheng said sales will be driven by the second and third phases of the company’s factory operations over the next two years.

“Currently, our [annual] export sales stand at about MYR220m (US$54m), which only consists of yarns,” he said. “With the second and third phases, we hope to increase it to MYR1bn.”

Cheng said the second phase of expansion will see an increase in yarn spindles from the current 1,000 to 1,200 by the end of 2017.

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