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Filatex to set up new capacity for value-added products
10
Nov '14
BSE listed, Filatex India Ltd (FIL), a polyester filament yarns producer, plans to invest Rs 200-250 crore to add machinery and equipment, which will manufacture downstream value-added products.

Filatex expects to expand its profitability and long term economic viability from the new production capacity, which will be set-up at its Dahej plant, Gujarat.

FIL is involved in the business of manufacturing polyester and polypropylene multifilament yarns (PFY) and polyester, nylon and polypropylene monofilament yarns.

In its early years, FIL added another value added product - fully drawn yarn (FDY) in its product range, due to which, it is able to cater to diversified needs of its customers.

FIL, promoted by New Delhi-based Bhaggeria family, is also considered a pioneer in manufacturing of monofilament yarns like polyester, nylon and polypropylene monofilament yarns.

Its yarns are used to produce goods like zippers, tooth brush bristles, velcro, magic fasteners and forming fabrics. (AR)

Fibre2fashion News Desk - India

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