Home / Knowledge / News / Textiles / Indorama to invest €437mn for setting up polyethylene unit
Indorama to invest €437mn for setting up polyethylene unit
14
Feb '11
Indorama, a petrochemicals group based in Singapore intends to invest over €437 million in a project for setting up a polyethylene manufacturing plant with a capacity of four lakh tpa, in Uzbekistan.

The €874 million project forms a part of the Uzbekistan government's plan for development of the domestic Mubarek gas processing complex by 2015, and would be jointly executed by the Indorama and the national gas company, Uzbekneftegaz.

Uzbekneftegaz would invest €110 million in the project, while the remaining funds would flow from the Central Asian state's Fund for Reconstruction and Development in the form of loan.

Instituted in 1971, the existing Mubarak gas complex holds the capacity to process at the most 30 billion cubic metres of gas. The PE and other products that the complex manufactures are suitable for sale not just in the domestic but even in the foreign markets.

Indorama has already invested €40m in a state project to establish textile manufacturing facility, JV Indorama Kokand Textiles at the incomplete Kokand Textile Combine. The new facility is expected to manufacture 20,000 tpa of cotton yarn by 2013.

The polyethylene scheme forms a part of the Uzbek government's key project formulated to boost and upgrade production of polymers in the country. The Uzbek government last year inked a mutual deal with South Korea for a joint project of setting up a petrochemicals and polyolefins complex in Uzbekistan.

The other international projects that the Uzbek government is pursuing include a proposed project for setting up two PE and polypropylene pipe extruding plants in Navoi region of the country, while the other being a joint venture project already going on between the Uzbek and South Korean government for car component moulding business for producing automotive cables.

Fibre2fashion News Desk - India


Must ReadView All

US commerce department finds dumping of low melt PSF

Textiles | On 20th Jun 2018

US commerce department finds dumping of low melt PSF

The US department of commerce (USDC) has announced affirmative final...

Courtesy: Aditya Birla

Textiles | On 20th Jun 2018

'Growth of VSF yarn industry is difficult'

Growth for the viscose filament yarn (VSF) yarn industry is...

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Apparel/Garments | On 20th Jun 2018

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Italian company Eurojersey Spa will present in 2019 new embossing...

Interviews View All

Evelyne Cholet
UCMTF

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

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Kalai Selvi

Vidyashilp Academy in Bengaluru is the country's first Fairtrade School....

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Kevin Nelson
TissueGen

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

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Mike Hoffman
Gildan Activewear SRL

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

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search