India’s GSML invests in 300 tonnes/day polyester chips plant

20 May 2009 16:18  [Source: ICIS news]

NEW DELHI, India (ICIS news)--India’s Garden Silk Mills Limited (GSML) will build a 300 tonnes/day polyester chips plant in the Surat district of Gujarat State, the company said on Wednesday.

The Indian Rupees (Rs) 1.5bn ($31.6m, €23.1m) project would also include a 100 tonnes/day fully drawn yarn (FDY) unit, as well as an expansion of its polyester yarn processing capacity, the company added without specifying the start-up schedule.

In early March, the company announced the commissioning of a 600 tonnes/day polyester chips plant. 

GSML produces partially oriented yarn (POY), fabrics and readymade garments. The company has production facilities at three locations in the Surat district.

($1 = €Rs47.5, €1 = Rs64.9)

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By: Naresh Minocha
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