Home / Knowledge / News / Textiles / Indorama Kokand Textile to attain its full capacity by 2013 end
Indorama Kokand Textile to attain its full capacity by 2013 end
07
Sep '11
Uzbek-Singaporean joint venture Indorama Kokand Textile proposes to attain its full capacity by close of 2013.

The JV company set up on the base of Qoqand Textile Combine is making final preparations to commence operations and would shortly go operational.

As a part of the venture, a state-of-the-art laboratory for carrying out inspection of raw materials and product quality has been set up.

Besides, the firm has even set up its own energy units and would carry out production work in three shifts.

Along the lines of the general project, the firm would attain its targeted capacity by close of 2013 while generating 550 new employment opportunities. The enterprise is expected to export goods worth around US$ 32 million each year.

In the first phase, the firm would each year process 9,000 tons of cotton fibre and would eventually grow this capacity to around 16,000 to 20,000 tons towards close of 2013.

Indorama Corporation and National Bank of Uzbekistan for Foreign Economic Activity (NBU) instituted the new joint venture firm in July this year with a charter capital of US$ 18 million.

The Singaporean firm holds 76 percent stake in the venture, while the rest 24 percent share is with NBU.

Indorama Corporation initially acquired Qoqand Textile Combine's property and decided to invest minimum of US$ 55 million during 2010 to 2013.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 20th Jul 2017

Provide safety net for cotton growers: Congress to Trump

A bipartisan Congressional coalition has called attention of...

Courtesy: ITMF

Textiles | On 20th Jul 2017

ITMF'17 themed on tech, trade, climate in disruptive times

The International Textile Manufacturers Federation (ITMF), an...

Textiles | On 20th Jul 2017

RIL’s Q1 FY18 petrochemicals revenue up 22.9% y-o-y

Reliance Industries Limited (RIL) has reported its financial...

Interviews View All

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Sanjukta Dutta
Sanjukta's Studio

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

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

July 2017

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

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

Yes No

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

Yes No

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


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



X