Filatex India Limited is an Indian textile firm primarily manufacturing several grades of polyester yarn has commenced commercial production for manufacture of 100 million tones per day of polyester fully drawn yarns at its plant in Dahej, Gujarat with effect from March 4, Filatex India said in a BSE filing today.
Filatex is also in process of installing about 40 texturising machines at the plant. Two texturising machines have been installed of which commercial production has also been started. The remaining machines would be installed in phases and is likely to be completed by September, it added.
In September last year, Filatex India had proposed to put up manufacturing facilities for polyester fully drawn yarns at its Dahej unit with a cost of Rs 100 crore, 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, the company had said.
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 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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