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

Courtesy: Myntra

Apparel/Garments | On 3rd Dec 2016

Myntra to be EBITA positive by FY18: CEO Narayanan

Myntra is on track to achieve sustainable growth and be EBITA...

Courtesy: India ITME Society

Textiles | On 3rd Dec 2016

India ITME 2016 opens with over 1050 exhibitors

The India International Textile Machinery Exhibition (India ITME)...

Courtesy: Bruckner

Textiles | On 3rd Dec 2016

Indian textile companies opt for Brückner stenter lines

Indian textile firms Laxmipati Sarees, makers of polyester sarees and ...

Interviews View All

Claudia Kersten
Global Organic Textile Standard

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

Anshul Sood

‘Indian footwear market is nascent and largely a trend follower’

Jurgen Gauger

‘Buying crowdsourced or creative designs are much more appealing to the...

Suresh Patel
Sidwin Fabric

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

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Mike Hoffman
Gildan Activewear SRL

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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

December 2016

December 2016

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


Browse Our Archives


Advanced Search