FENC Starts Construction on Expansion of Green PET Production Facility

Far Eastern New Century Corporation (FENC), a prominent player in sustainable materials manufacturing, celebrates the commencement of the expansion project for its green PET resin production facility, FE GREEN PET (M) SDN BHD, situated in Malacca, Malaysia. This expansion signifies a significant step forward in FENC's commitment to environmental sustainability and inventive solutions for the plastics sector. Investing in a food-grade recycled PET resin line at FE GREEN PET (M) SDN BHD, FENC anticipates operations to kick off by mid-2025. The facility is poised to produce 50,000 metric tons annually, solidifying FENC's position as a global leader in sustainable materials production.

Since its establishment in 1995 as a member of the Far Eastern Group, Far Eastern PET FAR EASTERN (M) SDN BHD, located in Johor, Malaysia, has been supplying PET food-grade preforms to local beverage brands and exporting to various countries worldwide. The expansion of food-grade recycled PET resin capacity in Malacca enhances vertical synergy, integrating upstream and downstream products with PET FAR EASTERN (M) SDN BHD, thereby bolstering FENC's status as a comprehensive provider of sustainable packaging solutions.

Coincidentally, Earth Day falls on the upcoming Monday, April 22nd, a day when individuals across the globe advocate and practice environmental conservation. As one of the world's largest polyester product manufacturers, FENC has long championed green and eco-friendly industries. At FE GREEN PET (M) SDN BHD, cutting-edge technology is employed to utilize locally sourced PET bottles as raw material. Advanced processes, including sorting, cleaning, decontamination, and pelletizing, result in the production of high-value recycled PET resin, ensuring both environmental sustainability and product quality. This initiative aligns with sustainability goals and supports the Malaysian government's efforts to enhance PET bottle recycling rates and promote environmental sustainability.

Far Eastern New Century stands among the top three global food-grade recycled PET resin enterprises, supplying esteemed brands such as Coca-Cola, Pepsi, Suntory, Fiji Water, as well as local brands like F&N, Nestle, Etika, and Pokka. With expansions into markets including Japan, the United States, Vietnam, the Philippines, and Malaysia, FENC remains committed to meeting the surging demand for sustainable packaging solutions worldwide.

In response to the pressing challenges posed by global climate change, Far Eastern New Century is proactively implementing measures. Through technological innovation, energy-efficient equipment, and carbon capture technologies, FENC aims to reduce carbon emissions by 20% by 2025, 40% by 2030, ultimately striving for Net-zero emissions by 2050. As company embark on this monumental expansion project, Far Eastern New Century Corporation reaffirms its dedication to sustainability, innovation, and global leadership in the plastics industry. Company eagerly anticipate a future where sustainable materials drive positive change for generations to come.