Home / Knowledge / News / Textiles / Spinning industry compelled to close down 43% capacity
Spinning industry compelled to close down 43% capacity
05
May '11
An Extra Ordinary General Meeting of All Pakistan Textile Mills Association (APTMA) held at the APTMA Punjab office and discussed the ongoing severe energy crisis in the country.

The meeting lauded the efforts of the Chairman APTMA and the government of Pakistan in putting their best efforts to give priority to the industry for gas as well as electricity supply.

The meeting also appreciated the confidence of the President of Pakistan in industry and giving it top priority in resolving issues pertaining to industry, especially in Punjab.

The SNGPL and PEPCO, in spite of instructions from the President Asif Ali Zardari, are both curtailing industry supply to the textile industry. It has brought industry to a situation to take prudent decision not to run on alternate fuel during the disconnection of gas supply period for three days a week i.e. 12 days a month until May 2011.

This will bring production capacity down from 225,000 tons per month to 110,000 tons per month.

The members also noted that they have tried to serve the downstream industry by using expensive alternate fuel like diesel to make possible the vision of Chairman APTMA touching $14 billion export target this fiscal year but the alternate fuel like diesel cannot be used now to meet energy requirement for production till matter is resolved.

Therefore, the third largest spinning industry in the world is going to be incapacitated by 110,000 tones of yarn capacity in May, which is equal to 43 percent of total operation of the industry.

It may be noted that the spinning industry confidence survey has revealed that the ongoing crises has already resulted into closure of 29 percent production capacity in the country.

All Pakistan Textile Mills Association (APTMA)


Must ReadView All

Textiles | On 23rd Jun 2017

Textile ministry organises training workshop on GST

The ministry of textiles had organised training workshop on GST which ...

Apparel/Garments | On 23rd Jun 2017

Uware Brands into licensing agreement with Polaroid

Uware Brands has entered into a licensing agreement with Polaroid for ...

Textiles | On 23rd Jun 2017

Ralph Lauren ex-president Tiger of Sweden's new CEO

Hans-Christian Meyer, former president of Ralph Lauren Corporation,...

Interviews View All

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Eric Scholler
Groz-Beckert

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

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Mike Hoffman
Gildan Activewear SRL

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Pranav Mishra
Huemn

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

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:
June 2017

June 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