Advertise Here [468 W x 60 H pixels]
Web Exclusive | August 2016

ADD on PTA to hit Surat’s MMF sector

Surat, which is famed to house India’s largest man-made fabric (MMF) hub, is in for bad times with the Indian Finance Ministry’s decision to impose definitive anti-dumping duty on purified terephthalic acid (PTA) imports from China, Iran, Taiwan, Indonesia and Malaysia. This move will only raise yarn prices by Rs 3 to Rs 5 per kg in the domestic market, thereby increasing the final cost of the polyester fabric manufactured in Surat, fear industry sources.
As per government notification, the PTA imports from China, Iran, Taiwan, Indonesia and Malaysia will attract duty ranging from $85.67 per tonne to $168.76 per tonne. The high import duty will prevent small spinners in Surat and other places in the country from importing PTA, main raw material for manufacturing of yarn. PTA, a white, free-flowing crystalline powder, is the primary raw material for the manufacture of polyester chips, which in turn is used in a number of applications in textiles, packaging, furnishings, consumer goods, resins and coatings.
According to the Surat Art Silk Cloth Manufacturers' Association (SASCMA), there is an urgent need for slapping anti-dumping duty on fabrics and not PTA imported from China and other foreign countries.
Post your comment
Name:  
Email:    
Comments:  
Verification Code:   Change Image


 
Advertise Here [728 W x 90 H pixels]
A T E Enterprises Pvt Ltd      AB Carter India Pvt Ltd      Arun Textile Engineers Pvt Ltd      Arvind Rub-Web Controls Ltd      Associated Autotex Ancillaries Pvt Ltd      B & R Industrial Automation Pvt Ltd      Best Power Equipments India Pvt Ltd      Bharat Beams Pvt Ltd      Biancalani Srl      Brugarolas India Pvt Ltd      Condair      Elgi Electric and Industries Ltd      Embee Corporation      Eppinger Tooling Asia Pvt Ltd      Excel Traders      Grasim Industries Ltd (Liva)      Groz-Beckert Asia Pvt Ltd      Henna Tex      Jogindra Industries Pvt Ltd      K.U. Sodalamuthu and Co. Pvt Ltd      Lakshmi Card Clothing Mfg Co. Pvt Ltd      Lakshmi Machine Works Ltd      Leuze Electronic Pvt Ltd      Loepfe Brothers Ltd (Masterline)      Luwa India Pvt Ltd      Mangal Singh Brothers Pvt Ltd      Meera Industries Ltd      Mohler Machine Works Pvt Ltd      Nestling Technologies      Premier Evolvics Pvt Ltd      Rabatex Industries      Rieter India Pvt Ltd (Novibra)      Rieter India Pvt. Ltd      Savio Texcone Pvt Ltd      Skaat Machine Works India Pvt Ltd      SRE Corporation      Stovec Industries Ltd      TeFoc Accessories      Thymas Electronics Pvt Ltd      Truetzschler India Pvt Ltd      Unitop Aquacare      Uster Technologies AG      Vetal Hitech Machines Pvt. Ltd      Weavetech Engineering Pvt Ltd      A T E Enterprises Pvt Ltd      AB Carter India Pvt Ltd      Arun Textile Engineers Pvt Ltd      Arvind Rub-Web Controls Ltd      Associated Autotex Ancillaries Pvt Ltd      B & R Industrial Automation Pvt Ltd      Best Power Equipments India Pvt Ltd      Bharat Beams Pvt Ltd      Biancalani Srl      Brugarolas India Pvt Ltd      Condair      Elgi Electric and Industries Ltd      Embee Corporation      Eppinger Tooling Asia Pvt Ltd      Excel Traders      Grasim Industries Ltd (Liva)      Groz-Beckert Asia Pvt Ltd      Henna Tex      Jogindra Industries Pvt Ltd      K.U. Sodalamuthu and Co. Pvt Ltd      Lakshmi Card Clothing Mfg Co. Pvt Ltd      Lakshmi Machine Works Ltd      Leuze Electronic Pvt Ltd      Loepfe Brothers Ltd (Masterline)      Luwa India Pvt Ltd      Mangal Singh Brothers Pvt Ltd      Meera Industries Ltd      Mohler Machine Works Pvt Ltd      Nestling Technologies      Premier Evolvics Pvt Ltd      Rabatex Industries      Rieter India Pvt Ltd (Novibra)      Rieter India Pvt. Ltd      Savio Texcone Pvt Ltd      Skaat Machine Works India Pvt Ltd      SRE Corporation      Stovec Industries Ltd      TeFoc Accessories      Thymas Electronics Pvt Ltd      Truetzschler India Pvt Ltd      Unitop Aquacare      Uster Technologies AG      Vetal Hitech Machines Pvt. Ltd      Weavetech Engineering Pvt Ltd