Penfibre Sdn Bhd, incorporated in February 1973, is wholly owned by Toray Industries Inc. Japan. (Toray is a global leader in manufacturing of fibre, textiles, plastic, chemical and advanced composite material in the world). Penfibre is also a member of the Toray Malaysia Group companies located in Penang.

In line with the globalization plan in the manufacturing of Polyester Film, Toray invested 0.5 Billion Malaysian Ringgit in 1996 to set up a Biaxially Oriented Polyester Film plant in Penfibre Sdn Bhd. The plant starts commercial operation in 1998.

Penfibre Sdn Bhd - Film Division in Malaysia is the eighth Polyester Film plant of Toray Industries Inc. Three plants are located in homeland of Japan, one each in the United States, France, Korea and China.

Film Division has two production lines. The first line produces thick film, which is suitable for industrial application such as graphic art, electrical insulation, flexible printed circuit, label industries and others. The second line produces thin film, which is mainly for packaging, stamping foil and metallic yarn industries. Total production capacity is 2,500 Tons per month.