Eco-friendly yarns to reduce PTA & MEG use for MMF

The eco-friendly yarns will help the economies of every country worldwide. It will also encourage competition in the low-priced markets for exports to Africa and so on, the managing director of Everflow Petrofils Ltd (EPL), Pinkesh Jain, told fibre2fashion.com.

“We believe that in a few years, EPL will emerge as a leading company for reuse and recycle”, he said elaborating, “In India, we have already captured 35 per cent of total recycling yarns. Our Chinese factories are supplying all over the world. Our new target markets are Bangladesh, Egypt, and other countries in Africa.”

Announcing that EPL will soon come up with a host of new products, Jain said the Group is eyeing a growth of 25.5 per cent and is projected to achieve a turnover of Rs 820 crore in 2014-15 compared to Rs 654.60 crore in 2013-14.

Fibre2fashion News Desk - India