Filatex India’s newly commissioned FDY plant boosted Q4 performance

Filatex India Limited, an Indian textile firm primarily manufacturing several grades of polyester yarn with its newly commissioned fully drawn yarn (FDY) plant, their performance has been boosted for the fourth quarter of FY16.

The company is now in the process of setting up texturising machines that will boost its first quarter revenues for FY17 from Rs 350 crore in Q4 FY16. As such polyester industry is now looking upward because no new expansion has come in last one and a half years and the margins have improved in this year. Also, crude prices going up, has given a boost to the industry because their raw material is basically from crude, said Madhu Sudhan Bhageria, VC & MD of Filatex India.

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 company’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.

The promoters of FIL have over three decades of experience in marketing Synthetic Filament Yarns in the country including Specialty Yarns. This gives FIL a strong competitive edge over its competitors in terms of marketing its products.