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Filatex to set up manufacturing facility at Dahej
21
Sep '15
Polyester yarn maker Filatex India proposes to put up manufacturing facilities for manufacture of 100 MT/day of polyester fully drawn yarns at its existing unit at Dahej, for which the company needs to put up only balancing equipments, according to media reports. The company will be saving costs as other infrastructure facilities like land, auxiliary buildings, utilities, etc. are already in place at the Dahej plant.

This expansion plan has been taken in order to increase its profitability on long term basis.

This will lead to lower per ton capital cost which in turn will ensure continuous advantage for the company by way of lower depreciation and interest. Other fixed expenses like staff cost and factory overheads would also be spread over bigger production volumes leading to improvement in profitability.

The total capital expenditure for implementing the said expansion programme is about Rs 100 crore. The company has already made the financial closure with its bankers for the said expansion. It is expected that the trial run will, commence by end of March 2016.

Filatex India is one of the pioneers in manufacturing monofilament yarns for zippers, toothbrush bristles, velcro, magic fasteners and forming fabrics in India. (SH)

Fibre2Fashion News Desk – India

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