India's Sumeet to complete polyester yarn expansion at end of April

12 April 2012 14:09  [Source: ICIS news]

MUMBAI (ICIS)--India’s Sumeet Industries plans to bring on line a new 140 tonne/day texturised polyester yarn facility at Surat in Gujarat on 20-25 April, a company source said on Thursday.

With the new unit, which is currently undergoing commissioning, the company will double its polyester yarn capacity to 280 tonnes/day, the source said.

Main products of the company are partially oriented yarn (POY) and fully drawn yarn (FDY).

The expansion of yarn output will allow the company to maximise its polycondensation capacity and utilise its fibre chips, which are used in the manufacture of yarn, the source said.

The 300 tonne/day fibre chip plant has been kept at low operating rates of around 50% because “selling fibre chips will result in cash losses,” the source said.

Sumeet’s polycondensation plant at Surat, in Gujarat was started up in July 2009.

The company initially planned to expand its polycondensation capacity at Dahej but this was suspended  because of the unfavourable market situation, the source said.

By: Becky Zhang
+65 6780 4359

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