PT Asia Pacific Fibers Tbk Reports Earnings Results for the Full Year Ended December 31, 2021

PT Asia Pacific Fibers Tbk is an Indonesia-based company, which is engaged in manufacturing of chemical and synthetic fiber, weaving, and knitting, and other activities related to textile industry. The Company operates through two segments: Chemical industry and synthetic fiber and Weaving and knitting. The Company’s products include polyester chips, polyester staple fiber, polyester filament yarn, and performance fabrics. The Company has a manufacturing facility for PTA, continuous polymer, and staple fiber in Karawang, Indonesia. It also owns another manufacturing plant for filament yarn in Semarang, Indonesia. The Company markets its product both locally and internationally, such as in Europe, United States of America, Asia, Australia, and the Middle East. It also produces technical grade Methyl Acetate as a by-product of the PTA manufacturing process. Its filament yarns are marketed under various brands, such as Silkra, Alpine, Contura and Marvel.