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

Textiles | On 21st Feb 2017

Net profit at Indorama Ventures zooms 145% in 2016

Net profit at Thailand headquartered and Aloke Lohia led Indorama...

Information Technology | On 21st Feb 2017

ThreadSol launches IntelloBuy & IntelloCut in Vietnam

ThreadSol, the pioneer of enterprise material management for sewn...

Textiles | On 21st Feb 2017

GST to reduce documentation for logistics firms: CBRE

The Goods and Services Tax (GST) is likely to result in a reduction...

Interviews View All

Poojaa Kumar Deepak
Zeven

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

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Paolo Ocleppo
Sandvik Hyperion

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Mike Hoffman
Gildan Activewear SRL

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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
February 2017

February 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