11 April 2012 08:35 [Source: ICIS news]
KOLKATA (ICIS)--India’s Nakoda will double the polymerisation capacity at its polyethylene terephthalate (PET) and polyester yarn plants at Surat in Gujaratto, west India, to 280,000 tonnes/year by 2015, its chairman and managing director said on Wednesday.
The company will invest $400m (€304m) in the capacity expansion, B G Jain said.
Currently, Nakoda has three plants at the site which can produce 50,000 tonnes/year of PET, 30,000 tonnes/year of partially oriented yarn (POY) and 60,000 tonnes/year of fully drawn yarn (FDY) respectively. The capacity of each unit will be doubled.
With the expansion, Nakoda will not have to purchase feedstock polyester chips for its
($1 = €0.76)
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