Home / Knowledge / News / Textiles / Processing industry hit by hike in caustic soda price - APTPMA
Processing industry hit by hike in caustic soda price - APTPMA
11
Sep '08
Rise in the prices of caustic soda products has sent a wave of disappointment throughout the textile industry. Mr Muhammad Riaz Sheikh, Chairman of All Pakistan Textile Processing Mills Association (APTPMA) and former Chairman of the organization Mr M Iqbal Arbi have also voiced their dissatisfaction with the decision asserting that it is bound to prove extremely harmful for the textile processing industry.

In the preceding month, prices of caustic soda flakes were raised from Rs 36,848 to 42,326 per metric ton and to add to this the prospect of an enhancement in the prices of caustic soda liquid and solid cannot also be ruled out completely.

In an exclusive interview with Fibre2fashion, Anees Motiwala, Regional Chairman of APTPMA stated, “Caustic Soda is a basic raw material of our textile processing industry, for which inputs are rock-salt, electricity and gas. The prices of these three items have not increased as much in proportion to the price increase brought about of caustic soda. As such, the cost of doing business for processing industries is rising with every passing day.”

Appeals were made to Mr Mian Muhammad Adree, Chairman of Caustic Soda Manufacturers Association (CSMA) urging for a reconsideration of prices, or better still, a restoration to the previous level.

Both Mr Sheikh and Mr Arbi, said in a press statement that “even the slightest enhancement in the prices of caustic soda products, especially during the ongoing era of globalization, would render domestic goods uncompetitive and oust us from international export markets.”

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 30th Mar 2017

India Inc should work for July 1 GST roll out: Fin sec

The Goods and Services Tax (GST) will take India into a very exciting ...

Textiles | On 30th Mar 2017

Lok Sabha approves 4 supplementary GST legislations

The Lok Sabha has approved four supplementary Goods and Services Tax...

Courtesy: ShopKeep

Information Technology | On 30th Mar 2017

Shopkeep partners with software provider BigCommerce

ShopKeep, the cloud-based technology solution that transforms an iPad ...

Interviews View All

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Giorgio Mantovani
Corman S.p.A

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

Marcel Alberts
Eurofibers

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

Silke Brand-Kirsch
Schlegel und Partner

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search