Home / Knowledge / News / Textiles / Indo-Egyptian JV to set up world scale PET plant
Indo-Egyptian JV to set up world scale PET plant
12
Jul '11
India-based Dhunseri Petrochem and Tea Ltd. (DPTL) will set up a joint venture greenfield world scale bottle grade polyethylene terephthalate (PET) plant in Ain Sokhna, 115 kms, east of Cairo, the capital of Egypt.

The Indo-Egyptian joint venture to be called the Egyptian-Indian Polyester Company, SAE (EIPET) will have an annual nameplate capacity of 420,000 tons and will be set up at a cost of US $200 million.

Dhunseri Petrochem will own 70 percent stake, while the joint venture partners - Egyptian Petrochemical Holding Company (ECHEM) and Engineering for Petroleum & Process Industries (ENPPI), will own 23 percent and 7 percent stake, respectively.

Both, ECHEM & ENPPI are promoted by Ministry of Petroleum - Govt of Egypt to promote petroleum industry in the country.

Providing details exclusively to fibre2fashion, Mr B Chattopadhyay, Executive Director & CEO – DTPL said, “DTPL has a vision to become one of the largest producers of PET Resin in the world. In pursuit of achieving this goal, DPTL is expanding its business in and outside India.

“DPTL is also setting up a 210,000 MTA PET Resin project in Haldia, West Bengal - India. When commissioned in April 2012, DPTL will be the largest producer of PET Resin in India. DPTL is setting up a project in Egypt because there is no manufacturing plant in Africa.

“EIPET will supply the PET Resin to Egyptian and other North African markets including Israel. It will also supply products to Europe and US. The energy and manpower cost in Egypt is extremely competitive. Hence, EIPET will also be able to sell its product in the international market too", he concluded by saying.

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Sympatex Technologies

Textiles | On 23rd Feb 2018

Sympatex, Ricosta jointly move towards sustainability

Sympatex Technologies is moving towards sustainability with its...

Courtesy: Business wire

Information Technology | On 23rd Feb 2018

CLO Virtual Fashion launches CLO 4.0 & new website

CLO Virtual Fashion, a leading developer of cutting-edge 3D garment...

Courtesy: Delta Galil

Apparel/Garments | On 23rd Feb 2018

Delta Galil 2017 sales up 16% to $1,368.1 million

Delta Galil sales for full year 2017 increased 16 per cent to...

Interviews View All

Top executives
Textile & apparel bodies

The decision to reduce GST on MMF yarn to 12% is transformational

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Urmil Arya

Sushila International, a well established textile organisation established ...

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

February 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
70.6%
No
12.7%
Skip
16.7%

Total Votes: 102

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.7%
No
29.4%
Skip
6.9%

Total Votes: 102

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
88.2%
No
8.8%
Skip
2.9%

Total Votes: 102

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
83.3%
No
7.8%
Skip
8.8%

Total Votes: 102


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search