Filatex India Ltd, New Delhi-based polyester filament yarns producer has part of its expansion plan intends to invest Rs200-250 crore to add a production line to manufacture downstream value-added products at its Dahej site in Gujarat. It expects the new production line to enhance its profitability.
At the Board of Directors of the company meeting held on October 31, 2014, inter alia, has considered and approved a proposal for putting up certain plants & machinery for manufacturing of downstream value added products at its existing unit at Dahej to enable the company to enhance its profitability and long term economic viability at an approximate cost of Rs 200-250 crores, said Filatex in a BSE filing.
Filatex is one of the leading manufacturers of various varieties of synthetic manmade fibres and is considered as pioneers in manufacturing of Mono filament yarn for zippers, tooth brush bristles, velcro, magic fasteners and forming fabrics in Indian market. The company also manufactures fully drawn yarns (FDY), which is used for better quality fabric.
FIL has also diversified itself into Special Polyester Filament Yarns like Micro Denier Polyester Filament Yarn and in 2008 FIL started manufacturing Polyester Fully Drawn yarn using modern machines from Barmag, Germany.
In August 2012, Filatex started its own poly-condensation plant envisaging 600 metric tonne (MT) per day of poly-condensation and 300 MT per day of polyester partially oriented yarn (poy) at Dahej, Gujarat. By putting up this unit, the company joined the league of major POY manufacturers in the country. The company has its own marketing offices at all the major market areas viz. Delhi, Mumbai and Surat.
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