Home / Knowledge / News / Textiles / New synthetic fibre plant to create 1,400 jobs in Ivanovo
New synthetic fibre plant to create 1,400 jobs in Ivanovo
18
Jul '13
The planned synthetic fibre plant in Russia’s Ivanovo region would create about 1,400 job opportunities, once the plant becomes operational by 2016.
 
Ivanovo Governor Mikhail Men suggested construction of a synthetic fibre plant in the region, during the meeting of the Federation Council Committee on Economic Policy in Moscow in July 2012.
 
Subsequently, an agreement was signed between joint stock company (JSC) Ivregionsintez Cluster Textile Corporation and EPC Engineering Consulting GmbH for establishing a polyethylene terephthalate (PET) plant in the Ivanovo region.
 
As per the agreement, the Russian firm Ivregionsintez is responsible for selecting the site and supplying pipelines as well as other infrastructure for the project, including personnel.
 
Now, the procurement department of the Russian Federation has floated a tender for construction of the synthetic fibre plant, according to Russian news agency RIA Novosti.
 
The successful bidder would be announced next month, and the Ivanovo provincial government would enter into a contract with the successful bidder the same month.
 
The terms of reference for the design of the synthetic fibre plant has already been prepared. The plant would be designed to produce up to 500 tons of fibre per day for the textile industry. The second line would have a capacity to produce up to 100 tons of recycled fibre from recycled materials.
 
The construction of the plant is expected to be completed by 2016 and it would generate about 1,400 new employment opportunities.
 
Meanwhile, Vnesheconombank has agreed in principle to finance about 80 percent of the cost for the project, while the balance amount would be investors’ money.
 
The completion of the synthetic fibre plant would enable the Ivanovo region to get clearance for setting up a complete textile cluster.
 

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 24th Jun 2017

Applied DNA to tag cotton for 2017/18 US ginning season

Applied DNA, provider of DNA-based supply chain security,...

Apparel/Garments | On 24th Jun 2017

NPD Group launches Trend Tracker for apparel trends

Global information company the NPD Group has launched Trend Tracker,...

Textiles | On 24th Jun 2017

Cotton USA’s first innovation competition in UK ends

Cotton USA has announced the successful close to its first innovation ...

Interviews View All

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Luke Otten
Wigwam Mills Inc

Wigwam aims to recycle discarded yarn that doesn’t make it through the...

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Lynda Kelly
Suominen Corporation

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

Kai Poehler
Voith Paper GmbH & Co. KG

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

Marcel Alberts
Eurofibers

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

Sonam & Paras Modi
SVA

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

Prathyusha Garimella
Prathyusha Garimella

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

Judy Frater
Somaiya Kala Vidya

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

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:
June 2017

June 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