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 10th Dec 2016

India’s 2016-17 cotton import to touch 17 lakh bales

The import of cotton from international markets by spinning mills in...

Textiles | On 10th Dec 2016

US textile & apparel imports fall 6.50% in Jan-Oct ’16

The import of textiles and apparel by United States dropped 6.50 per...

Courtesy: ZDHC

Textiles | On 10th Dec 2016

China Textile Information Centre joins ZDHC programme

China Textile Information Centre (CTIC), a state-owned research...

Interviews View All

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search