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Nakoda Limited commences production in Korea
Sep '10
Nakoda Limited, an integrated company in Polyester Filament Yarn segment, has commenced commercial production in South Korea at a plant acquired through its subsidiary Indo Korean Petrochem Ltd. The Korean unit has a capacity to manufacture 150 tons per day (tpd) of Fully Drawn Yarn (FDY), 90 tpd of Partially Oriented Yarn (POY) and 60 tpd of Polyester Chips.

South Korea is facing a unique situation of surplus of raw materials - i.e. PT A and MEG on one hand, and dependence on import of FDY, POY and Polyester Texturised Yarn (PTY) on the other.

This will be fully exploited by Nakoda by selling its major production in South Korean market, and in fact, it would substitute imports in South Korea.

Nakoda will also enjoy the benefit of a very low capital cost project which will give it an edge over its peers in South Korea.

Nakoda Ltd

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