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The Spanish company Molecor Tecnologia SL, a provider of technology for the production of PVC pipes (PVC-O), has entered into a memorandum of understanding with Fitters Diversified Berhad, to invest in creating Molecor (SEA) Sdn Bhd, as part of the company's international expansion strategy.The joint venture combines the molecular orientation technology patented by Molecor with the reliability of a firm with almost 30 years of experience in Malaysia and the Southeast Asia region, according to a news release.

PlasticsToday Staff

January 27, 2014

1 Min Read
Spanish PVC provider enters Southeast Asia market

The Spanish company Molecor Tecnologia SL, a provider of technology for the production of PVC pipes (PVC-O), has entered into a memorandum of understanding with Fitters Diversified Berhad, to invest in creating Molecor (SEA) Sdn Bhd, as part of the company's international expansion strategy.

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

Unknown_1.jpegMolecular orientation is a physical process that modifies the molecular structure of the plastic, where amorphous PVC-U structure is reorganized into a layered structure, improving the physical and mechanical properties of this material, according to the company. 

Molecor technology is already present in Spain, Australia, Ecuador, Colombia, and Italy, and is involved in many technology transfer projects in Canada, U.S., Saudi Arabia, South Africa and Russia among others, as well as numerous water infrastructure projects in countries of Europe and Africa. 

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 this new line of business exclusively using Molecor technology."

"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 Muñoz, CEO and founder of Molecor Tecnologia.

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