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
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 28th Apr 2017

Fix 5% GST rate for textile goods: Textile bodies

Uniform levy of 5 per cent Goods and Services Tax (GST) on all...

Textiles | On 28th Apr 2017

India lifts CVD imposed on Nepali Jute goods

The countervailing duty (CVD) that was imposed on Nepali jute...

Courtesy: Williamsburg Garment Company

Fashion | On 28th Apr 2017

'We have grown by staying small & maximising efforts'

The easiest way to go out of business is to be too big or expand too...

Interviews View All

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Amrit Sethia

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Kevin Nelson

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

Marcel Alberts

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Karan Arora
Karan Arora

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

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
April 2017

April 2017

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


Browse Our Archives


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