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First-ever polyester chips plant to be set up
06
Apr '09
The Bangladesh textile and garment industry has been investing heavily in backward integration since the last few years in a bid to reduce reliance on imported raw materials. In the last 4-5 years, the industry has set up nearly 350 odd spinning mills.

Now, a local spinner is setting up the country's first petrochemical plant to manufacture polyester chips and is investing Taka 5.5 billion. This venture once operational will reduce the dependence on imported polyester chips and fibre to process yarn.

Currently the daily requirement of polyester chips by plastics and polyester yarn manufacturing sectors is around 400 tons per day, which is met through 100 percent imports, but now with the setting up of this plant by Malek Spinning Mills, this is expected to go down substantially.

Fibre2fashion spoke exclusively to Mr Martin Chaudhury, Managing Director of Malek Spinning Mills who said, “The initial capacity of the polyester chips plant is 300 tons per day, which will be eventually raised to 600 tons per day”.

He added by saying, “The demand for polyester fibre is rising by 10 percent per annum and we are planning to use MEG and PTA as raw materials, which we will import from the Middle East and Singapore”.

Fibre2fashion News Desk - India

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