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

ITC, ICS tie up to help Moroccan textile value chain

Textiles | On 21st Apr 2018

ITC, ICS tie up to help Moroccan textile value chain

The International Trade Centre (ITC) has partnered with ICS, which...

Bangladesh garment manufacturers call for fair pricing

Apparel/Garments | On 21st Apr 2018

Bangladesh garment manufacturers call for fair pricing

Bangladesh garment manufacturers want a ‘commensurate adjustment’ by...

Pak ministry proposes extension to PM package for 2018-19

Textiles | On 21st Apr 2018

Pak ministry proposes extension to PM package for 2018-19

Pakistani textile ministry has reportedly proposed extending the...

Interviews View All

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

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...

Ashok Desai
Bombay Textile Research Association

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

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

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

Leave your Comments


April 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
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

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
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

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
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

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
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


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