Home / Knowledge / News / Textiles / Reliance Industries' polyester capacity will reach 4mn tpy
Reliance Industries' polyester capacity will reach 4mn tpy
11
Jun '13
Reliance Industries Limited (RIL) will be increasing its polyester production capacity from the current 2.5 million tons per year (tpy) to 4 million tpy.
 
Addressing RIL’s 39th Annual General Meeting of its shareholders, chairman Mukesh Ambani said the company would invest Rs. 1500 billion over the next three years spread across all its five business segments--exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G.
 
Outlining the company’s petrochemical expansion plans, Mr. Ambani said RIL has undertaken the world’s largest petrochemical expansion, focused on domestic markets.
 
In polyester segment, Mr. Ambani said the company is expanding its production capacity by 1.5 million tons to reach 4 million tpy.
 
He announced that a polyester filament yarn plant will be commissioned at Silvassa by September this year. The plant would be the first globally to be zero-waste from day one, he added.
 
A polyester resin plant would be set up by the company at Dahej in the second half of the current financial year, which will make RIL the seventh-largest manufacturer of polyester resin in the world, he said.
 
Subsequently, in the first half of the 2014-15, RIL would commission a 1 million ton purified terephthalic acid (PTA) plant, followed by another 1 million ton plant within the next six months. This would take RIL’s total PTA capacity to 4.3 million tpy, making the company the third-largest PTA producer in the world, Mr. Ambani said.
 
Further, RIL will also double its paraxylene (PX) capacity at its Jamnagar plant over the next 30 months, making it the second-largest PX producer in the world. PX is used as a feedstock for PTA and polyester.
 

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Li & Fung

Textiles | On 29th Mar 2017

Li & Fung introduces new 3-year plan 2017-2019

Li & Fung Limited has outlined its next Three-Year Plan (2017-2019)...

Courtesy: Carrington

Apparel/Garments | On 29th Mar 2017

Carrington Workwear signs JV with TMG Textiles

Carrington Workwear, one of the largest producers of workwear fabrics ...

Apparel/Garments | On 29th Mar 2017

Jabong launches Aeropostale on its platform

Jabong has added leading American high-street fashionwear brand,...

Interviews View All

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Ashok Desai
Bombay Textile Research Association

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Madhu Jain
Madhu Jain

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search