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Trades about 80% below its sector, cheaper than its peers on earnings.
PT Inocycle Technology Group Tbk specializes in the production and global distribution of recycled polyester staple fiber, serving markets across Indonesia, the United States, Japan, the Philippines, India, Saudi Arabia, Morocco, Germany, Spain, Italy, and Australia. Beyond its core fiber products, which include hollow conjugated, solid, and special function varieties, the company also manufactures geotextile non-woven items. These geotextiles, encompassing padding, needle punching, and high-density padding, find application in diverse sectors such as mining, construction, agriculture, manufacturing, and infrastructure. Furthermore, Inocycle Technology Group extends its operations to consumer goods, producing homeware such as mattresses, pillows, bolsters, blankets, carpets, mattress protectors, and complete bed cover sets. The company, which began its journey in 2001 as PT Hilon Felt, adopted its current name in 2019. Headquartered in Tangerang, Indonesia, it operates as a subsidiary of PT Hilon Indonesia.
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