12 April 2012 13:55 [Source: ICIS news]
MUMBAI (ICIS)--India’s Gokulanand Petrofibres aims to start up a 350 tonnes/day polycondensation plant at the end of April or in early May to produce polyester fibre chips, a company source said on Thursday.
The plant, at Surat in Gujarat, is being commissioned, the source said.
The plant will be based on technology developed by Gokulanand’s parent company, Aalidhra, which manufactures textile machinery. It is the first time an Indian company has used locally developed polyester polymerisation technology, the source added.
The company aims to initially produce 250 tonnes/day of polyester fibre chips, of which 160 tonnes/day would be fed into its own 160 tonnes/day partially oriented yarn (POY) plant. The remaining output would be sold on the open market, the source said.
Gokulanand plans to expand its POY and fully drawn yarn (FDY) capacity to 250 tonnes/day in the next two years. The company, which does not currently produce FDY, gave no breakdown of the figures.
Additional reporting by Malini Hariharan
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