Reliance restructures Malaysia, Europe polyester

22 April 2008 17:51  [Source: ICIS news]

NEW DELHI (ICIS news)--India’s Reliance Industries Limited (RIL) is restructuring its acquired polyester assets in Malaysia and Europe, the company said on Tuesday.

“Complete overhaul of production is being done to optimise assets” at Recron (Malaysia), a RIL subsidiary that acquired the polyester and nylon assets of Malaysia’s Hualon Corp in December 2007. The physical control of assets was transferred in January 2008, it added.

The company said strategic initiatives were being taken to reduce costs, optimise the operation of utilities and improve supply chain management. The quality of products was being upgraded to bring them to the level of RIL standards.

The assets, located at Nilai and Melacca, comprise 550,000 tonnes/year capacity of polyester staple fibre (PSF), polyester filament yarn, fully drawn yarn and PET, 36,000 tonnes/year of nylon, spun yarn capacity of 250,000 spindles, weaving capacity of 5,758 water jet looms, texturising capacity comprising 200 Murata machines and finishing capacity of 80m yards.

As regards restructuring of Germany-based Trevira group, RIL said transfer of air texturising and dyed yarn operations to Poland had been initiated. The company did not specify the country where the facilities are located at present.

The company said Trevira’s other manufacturing locations were in Germany, Belgium and Denmark.

Trevira had filed four new patent applications for development of new products. It was focusing on the premium automotive, functional wear, home and technical textiles market.

It increased sales to 138,000 tonnes of polyester products in 2007 from 126,000 tonnes in the preceding year.

Deutsche Bank transferred control over Treivra group to RIL in August 2004 after the European Commission approved the acquisition.

By: Naresh Minocha
+65 6780 4359

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