Home / Knowledge / News / Textiles / Emirates Fibre commissions PSF plant in UAE
Emirates Fibre commissions PSF plant in UAE
02
Feb '13
Emirates Fibre, a subsidiary of bedding material producer Safetex Group, recently commissioned its polyester staple fibre (PSF) plant. Emirates Fibre hopes to cater to demand from the domestic market and the region.
 
“The US$ 10 million or Dh 36.78 million plant is located at Ras Al Khaimah’s Al Gail Industrial Park and is a subsidiary of the Safatex Group and has a current capacity of 600 tons per month which will be ramped up to 1500 tons per month by June”, the Chairman of Safatex - Muhammad Saleem Ahmad told Gulf News
 
“Around 50 percent of the plant output would be supplied to the Safetex Group, and the rest would be sold in the domestic, Middle East and Gulf market”, Mr. Ahmad said.
 
“The Gulf region houses over 50 bedding producers, due to which there is good demand for polyester fibre. Saudi Arabia, Kuwait and UAE are the leading buyers of bedding materials in the Gulf, while in Middle East and Africa, it is Algeria, Egypt and Morocco”, he said.
 
The official said the company expects to start earning return on its investments over next three to four years and intends to help UAE downsize its dependence on imports from Korea, China and Taiwan. However, he said as raw material costs are increasing on the back of oil prices, prices of polyester fibre are also expected to rise.
 
The company next plans to start a plant to spin the fibre in the next four to five years. 
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 24th May 2017

Maharashtra state passes State GST bill

The Maharashtra Assembly has passed unanimously the State Goods and...

Apparel/Garments | On 24th May 2017

G-III Apparel enters into license agreement with PVH

G-III Apparel Group has entered into a multi-year license agreement...

Textiles minister Smriti Irani at a press conference with minister of state for textiles, Ajay Tamta, the principal director general (M&C), PIB, AP Frank Noronha and other dignitaries. Courtesy: PIB

Apparel/Garments | On 23rd May 2017

Special package for knitwear coming soon: Irani

Union textiles minister Smriti Irani said that the government of...

Interviews View All

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Ritu Kumar
Label Ritu Kumar

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

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


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