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Filatex to invest Rs 400 cr in capacity expansion
March 2019
Filatex India, a manufacturer of polyester yarn, plans to invest around Rs 400 crore in expanding the capacity of its plants in Dadra and Dahej, besides setting up a captive power plant to reduce the company’s energy costs.
India is far behind in cotton productivity targets
February 2019
Yes, there is a fall in cotton estimate for the year 2019. During the CAI meeting in January this year, the cotton crop has been estimated at 335 lakh bales of Rs 170 kg/bale.
Anti-dumping duty on Chinese polyester yarn
August 2018
According to a Finance Ministry notification, the duty imposed is in the range of $174-528 per tonne. High Tenacity Polyester Yarn, also called industrial yarn, is used for manufacture of tyre cord fabric, seat belt webbing, ropes, coated fabric, conveyor belt fabric and automotive hose.
BPPL opens Sri Lanka's first ever polyester yarn factory
July 2018
Eco Spindles, a wholly-owned subsidiary of BPPL Holdings Ltd (BPPL), recently inaugurated Sri Lanka’s first ever polyester yarn plant at Horana Export Processing Zone with an investment of SLR 800 million. The unit, with spinning and texturing machinery from Europe, will manufacture polyester yarn from recycled polyethylene terephthalate (PET) bottle flakes.
Anti-dumping duty on Chinese polyester yarn
July 2018
India has imposed anti-dumping duty of up to $528 per tonne for 5 years on a Chinese polyester yarn used in automobile and other industries. The move will provide a level playing field to domestic players and guard them against below-cost imports.
Welspun sets up US arm to invest in e-commerce
January 2018
Welspun India has incorporated a wholly-owned US subsidiary Welspun Nexgen Inc registered with the State of Delaware, having paid up capital of $4.25 million to make investment in e-commerce companies.
Marvel's range of industrial gloves
September 2017
Marvel Gloves offer a wide range of industrial gloves for varied industries. Poly cotton or polyester fibre enables soft and convenient to wear, decreases the tiredness of users hands for longer working hours.
Polyester yarn prices fluctuate
September 2016
In Shengze, offers for 32s polyester yarn fell US cents 3 a kg in the last week of August, and 45s were down on the week.
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