Filatex India involved in manufacturing of various varieties of synthetic manmade fibres and is considered as pioneers in manufacturing of Mono filament yarn in Indian market plans to expand its existing unit at Dahej by put up manufacturing facilities of 100 MT/day of Polyester Fully Drawn Yarns to ramp up long term profitability.
This will lead to lower per tonne capital cost which in turn will put the company to a recurring advantage by way of lower depreciation and interest, Filatex India said in a BSE filing.
Also, other fixed expenses like staff cost and factory overheads, would also be spread over bigger production volumes leading to improvement in profitability.
The company further said that total capital expenditure for implementing the expansion programme is about Rs 100 crore, adding that it has already made the financial closure with its bankers.
Filatex India said that it expects the trial run to commence by end of March, 2016.
In year 2008, FIL started producing Polyester Fully Drawn yarn using latest machines from Barmag, Germany. FDY is generally used for better quality fabric. FDY yields higher contribution as compared to the normal POY as the process of texturising is eliminated. It is also manufactured in about 70 shades.
The company has its own marketing offices at all the major market areas viz. Delhi, Mumbai and Surat. While, the major customers and exports are directly handled by the companyâ€™s marketing offices, small customers are catered through a net work of dealers spread throughout the country. All these marketing offices are headed by well qualified marketing personnel having rich experience in the Industry.
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