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Aquafil to recycle waste into caprolactam
May '11
Project Econyl to recycle waste into caprolactam has been launched in Slovenia by Julon, an Italy-based synthetic fibres manufacturer. The Slovenian Government has contributed € 3.6 million to the € 17 million project.

The project to manufacture caprolactam used in the manufacturing of Nylon 6 is expected to bring high-quality jobs along with technological development in Solvenia, according to Economy Minister Darja Radic.

The joint investment of Slovenia and Italy will further strengthen the economic cooperation between the two nations. Currently, Italy is Slovenia's second-biggest trade partner and is the fourth-biggest FDI Investor.

Slovenia's current trade is more with northern Italy, and would like to expand cooperation to other parts of Italy, according to the Economy Minister. The Minister added that the investment by Julon is proof that more cooperation among companies in both countries is possible to create new products and services.

She was hopeful that there would be more such joint investments between the companies of the two countries in future. Her Italian counterpart Paolo Romani also agreed that there are more opportunities for investments between the two important trade partners.

The project is conceived by Aquafil, an Italian company that owns Julon. Aquafil, which specializes in the production of Nylon 6 and fibres for carpeted floors, saw its turnover increase to € 432 million in 2010 from the previous years' € 330 million.

For Edi Kraus, the chief of Julon, Econyl is the beginning of a new story as a lot of time, energy, know-how, and capital has been invested in the project.

Fibre2fashion News Desk - India

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