Home / Knowledge / News / Textiles / Nakoda unmoved by situation in Korea – CMD
Nakoda unmoved by situation in Korea – CMD
30
Nov '10
The tremors of artillery shelling by North Korean troops on a South Korean held island were felt across the globe and in India too. The biggest fear among the countries that have business interests in the region is of these sporadic incidents, turning in to a full scale war between the two countries.

Mr BG Jain led, Nakoda Limited is one such Indian textile entity which has invested and acquired a polyester plant in 2009 in Kyunghan in South Korea for $40 million. The plant which has a capacity of 100,000 tons / annum is located 300 km from Seoul and employs around 200 people.

However, when fibre2fashion spoke to Mr BG Jain, he did not seem overtly concerned about the developments. “Nothing big has happened and now the Korean market has also recovered. Our business is not at all affected and the plant is functioning as normal”, he said.

Giving details about capacity of the South Korean plant, he said, “Polymerisation capacity of the plant is 300 / tons per day, out of which FDY output is 150 tons / day, POY capacity is 100 tons / day and the rest 50 tons / day is accounted for by polyester chips”

When asked for their response in case the situation aggravates, he informed by saying. “First of all, we do not expect the situation to aggravate and secondly we are catering to the South Korean domestic market only, with exports making up for a small volume and thirdly, we are fully insured against all risks”.

Speaking about the investment climate in South Korea, he noted with satisfaction that since they had invested in the country, the treatment they received was at par with diplomatic status and had received full support from the government when they were contemplating investing in South Korea.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 27th Apr 2017

Maharashtra govt working on second textiles policy

The textiles department of the government of Maharashtra is working...

Apparel/Garments | On 27th Apr 2017

EC takes action to make garment sector more sustainable

The European Commission (EC) has presented a set of focused actions...

Textiles | On 27th Apr 2017

Seven new organisations join ZDHC Programme

The Zero Discharge of Hazardous Chemicals (ZDHC) Programme from...

Interviews View All

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Poojaa Kumar Deepak
Zeven

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

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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

news category


Related Categories:
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X