Domestic polyester fibre and yarn manufacturers give a sigh of relief due to the government's decision to raise customs duty on their import to encourage Indian producers

Related Keywords: apparel, fabrics, Filatex, import of manmade fibres, man-made filaments, man-made staple fibre products, nylon spun yarn, polyester, polyester filaments including shirting, polyester manufacturers, polyester staple fibre, polyester value chain, suitings and sarees, Textile Industry, textile value chain, Viscose staple fibre, woven fabrics

Mumbai
Summary: 
Filatex plans to increase its production capacity by nearly 90,000 tonnes to 237,000 tonnes for FY 2018-19. A similar capacity expansion was planned by other polyester manufacturers as well. Polyester prices have moved in a narrow range over the last few months following crude oil prices. Data compiled by the Confederation of Indian Textile Industry (CITI) showed $1.6 billion worth of man-made filaments and man-made staple fibre products imported into India during the financial year 2017-18. Besides fabrics, import of manmade fibres (MMF) and MMF yarns have also sweeped since June 2017 when the goods and services tax (GST) was implemented. Import of polyester staple fibre (PSF) and viscose staple fibre (VSF) had increased by 5 per cent and 20 per cent respectively during the financial year 2017-18 including a similar increase in imports of other products in the polyester value chain.

Filatex plans to increase its production capacity by nearly 90,000 tonnes to 237,000 tonnes for FY 2018-19. A similar capacity expansion was planned by other polyester manufacturers as well. Polyester prices have moved in a narrow range over the last few months following crude oil prices. Data compiled by the Confederation of Indian Textile Industry (CITI) showed $1.6 billion worth of man-made filaments and man-made staple fibre products imported into India during the financial year 2017-18.

https://www.business-standard.com/article/economy-policy/1-6-bn-respite-for-indian-polyester-fibre-and-yarn-manufacturers-118072100507_1.html
0

VSF's global demand has been growing at a CAGR of 6% compared with cotton's 1% and polyester staple fibre's 2%, making Grasim invest in the VSF business

Related Keywords: Aditya Birla Group, caustic soda, cotton, fibre demand, Grasim, international designers, Liva Fabric, polyester, polyester staple fibre, power and steam and carbon disulfide, pulp requirements, sustainable fibre, Viscose staple fibre, VSF plants

Mumbai
Summary: 
The company plans to spend ₹4,257 crore of the ₹13,327 crore of capital expenditure towards brownfield expansion and debottlenecking of VSF plants.

The company plans to spend ₹4,257 crore of the ₹13,327 crore of capital expenditure towards brownfield expansion and debottlenecking of VSF plants.

Mr. Agarwal said that, “Our manufacturing input of caustic soda, power and steam and carbon disulfide are fully captive and we have control over 60% of the pulp requirements.”

Grasim has ensured control over 80% of the costs through backward integration, giving it an important competitive advantage over nonintegrated players.

http://www.thehindu.com/business/Industry/grasim-aims-at-leadership-in-viscose/article23980908.ece
0

Minister Sven-Erik Bucht from the Ministry Of Enterprise And Innovation Sweden visits Mumbai

Related Keywords: Aditya Birla Group, Cellulosic Fibre, cotton, fibre, Pulp, Sustainable Raw Materials, Sven-Erik Bucht, Textile, Textile Industry, textile innovation, Textile research, Viscose staple fibre

Mumbai
Summary: 
Visited the Aditya Birla Group Textile Research Application Development Centre at Kharach in Gujarat.Met with Mr. Dilip Gaur Managing Director Grasim, Mr. Vinod Tiwari COO Grasim, of the Aditya Birla group in Mumbai. Visit aimed at strengthening cooperation between India and Sweden in the area of smart textiles.Visit is a follow up to the joint statement by Prime Minister Stefan Lofven and Prime Minister Modi and its implementation in the areas of innovations and research Additionally explore areas for collaboration in the dairy sector and food safety.Mr. Sven-Erik Bucht Minister for Rural Affairs from the Ministry Of Enterprise And Innovation Sweden arrived in Mumbai today to discuss a joint project on smart textiles involving potentially Aditya Birla Group, Swedish company Domsjo and the two governments as well as the EU.

Mr. Sven-Erik Bucht Minister for Rural Affairs from the Ministry Of Enterprise And Innovation Sweden arrived in Mumbai today to discuss a joint project on smart textiles involving potentially Aditya Birla Group, Swedish company Domsjo and the two governments as well as the EU.

0

ISA urge govt to do away with anti-dumping duty on VSF imposed in 2010

Related Keywords: alleged Grasim Industries, end anti dumping duty, hurting domestic textile industry, imposed on shipments from China and Indonesia, Indian Spinners Association, ISA, prime manufacturer of VSF, selling raw material at higher prices than global rates, urged government, Viscose staple fibre

New Delhi
ISA urge govt to do away with anti-dumping duty on VSF imposed in 2010
Summary: 
The Indian Spinners Association (ISA) has alleged that Grasim Industries, the prime manufacturer of VSF in India, is selling the raw material at prices much higher than global rates, hurting the domestic textile industry and hence urged the government to do away with the anti-dumping duty on viscose staple fibre (VSF), imposed in 2010 on shipments from China and Indonesia.

The Indian Spinners Association (ISA) has alleged that Grasim Industries, the prime manufacturer of VSF in India, is selling the raw material at prices much higher than global rates, hurting the domestic textile industry and hence urged the government to do away with the anti-dumping duty on viscose staple fibre (VSF), imposed in 2010 on shipments from China and Indonesia.

In India, VSF is a major input in the manufacture of fabrics made of poly-viscose and 100 per cent viscose yarn. There are about 150 spinning mills in the country, with about five million spindles.

http://www.thehindubusinessline.com/economy/spinning-industry-seeks-end-to-antidumping-duty-on-vsf/article8480457.ece
0

Grasim plans to invest Rs150cr on its VSF brand Liva next fiscal

Related Keywords: brand Liva, business development, Grasim Industries, next fiscal, plans to invest, product development, promoting garments made of VSF, research and development, traget retail customers, usage and awareness on VSF is limited, Viscose staple fibre, VSF catching up among domestic processors

Mumbai
Grasim plans to invest Rs150cr on its VSF  brand Liva next fiscal
Summary: 
Grasim Industries, a flagship company of the Aditya Birla Group plans to invest around Rs 150 crore for product development, R&D and business development in the next fiscal for its viscose staple fibre (VSF) brand Liva launched earlier this year to target retail customers, as the usage of viscose staple fibre (VSF) is already catching up among domestic processors with VSF-made winter collection expected to go up from 20 lakh garments this year to about 50 lakh garments next winter season, said Grasim Industries Managing Director KK Maheshwari .

Grasim Industries, a flagship company of the Aditya Birla Group plans to invest around Rs 150 crore for product development, R&D and business development in the next fiscal for its viscose staple fibre (VSF) brand Liva launched earlier this year to target retail customers, as the usage of viscose staple fibre (VSF) is already catching up among domestic processors with VSF-made winter collection expected to go up from 20 lakh garments this year to about 50 lakh garments next winter season, said Grasim Industries Managing Director KK Maheshwari .

http://retail.economictimes.indiatimes.com/news/apparel-fashion/apparel/grasim-draws-up-rs-150-crore-capex-plan-for-brand-liva/50313294
0

Birla Cellulose adding value through presence at Intertextile Shanghai

Related Keywords: Aditya Birla Group, Birla Cellulose, manmade cellulose fibres, Shinehoo Textile Industrial Co, Viscose staple fibre, Zhenlun Spinning Co

Mumbai
Birla Cellulose adding value through presence at Intertextile Shanghai
Summary: 
Birla Cellulose, a division of the $40 billion Aditya Birla Group and a world leader in speciality viscose staple fibre has embarked on a journey of adding more collaboration’s in China. And to do so, is participating at Intertextile Shanghai Apparel Fabrics from October 13-15, 2015 in Shanghai.

Birla Cellulose, a division of the $40 billion Aditya Birla Group and a world leader in speciality viscose staple fibre has embarked on a journey of adding more collaboration’s in China. And to do so, is participating at Intertextile Shanghai Apparel Fabrics from October 13-15, 2015 in Shanghai.

With a wide array of speciality manmade cellulose fibres (MMCF) in their basket like, Birla Viscose, Birla Modal, Birla Excel and Birla Spunshades, the company will be showcasing its LIVA A/W 2016-17 Collection along with two other group companies and six value chain partners.

yarnsandfibers.com
0

Viscose fibre prices up for second consecutive week,

Related Keywords: cotton price, viscose price in china, viscose price in india, viscose price in Pakistan, Viscose prices, Viscose staple fibre

Mumbai
Viscose fibre prices up for second consecutive week,
Summary: 
Asian viscose staple fibre markets in Asia although described as quiet in the week ended 17 January 2014, prices continued to move up. However, as downstream mills in China were in the process of idling for Lunar New Year holiday, they were largely unreceptive to new prices and were not interested in building stock before the holidays. This implies that they expect prices to soften post holidays. Prices in India and Pakistan generally rolled over in an inactive week.

Asian viscose staple fibre markets in Asia although described as quiet in the week ended 17 January 2014, prices continued to move up. However, as downstream mills in China were in the process of idling for Lunar New Year holiday, they were largely unreceptive to new prices and were not interested in building stock before the holidays. This implies that they expect prices to soften post holidays. Prices in India and Pakistan generally rolled over in an inactive week.

www.yarnsandfibers.com
Viscose Fiber
Company News
0
 
Let Us Know Your Need
click here icon
 
Pricewatch Enquiry
Name
Company
Phone
Email
Country
 
Word Verification
 
News & Views
New National Distribution Centre by Cotton On  
  15 Oct , 2018 Read full story  
Jeanologia presents their solutions from fabric to garment finishing  
  12 Oct , 2018 Read full story  
IATF will once again showcase the world to the MENA region  
  12 Oct , 2018 Read full story  
 
Prices
 
Market Intelligence
  • Polyester Intelligence
    YnFx's Polyester Intelligence Service consolidates all the information at a click. This service provides the following:
    • Daily Price Trends
    • News & Views
    • Weekly Prices on Polyester Chain
    • Price Forecast Covering 3 Regions
    • Spun Yarn Exports from India
    • Polyester Chain - Demand/Supply Statistics
 
Special Reports
 
Country Reports
  •  
    Who have subscribed this report
    Live Chat online
    feedback button