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Contours of a new wave of growth - industrialist Mukesh Ambani
03 Jun '11
5 min read
Recron, our subsidiary in Malaysia, is the world's largest integrated polyester and textile complex.
Recron's turnover during the year crossed USD 1 billion for the first time.
Last year, the world experienced record high cotton prices.
Pressure on land to meet increasing demand for food will limit availability of cotton.
This augurs well for polyester demand in growth markets like India.
The decision to expand polyester manufacturing capacities has to be seen in this perspective.
We recently announced the world's largest expansion in Polyester chain comprising 1.8 million tonnes of Paraxylene, 2.3 million tonnes of Purified Terephthalic Acid [PTA], 0.7 million tonnes of Mono Ethylene Glycol [MEG], 0.65 million tonnes of Polyester Resin [PET], 0.4 million tonnes of Polyester Filament Yarn [PFY] and 0.3 million tonnes of Polyester Staple Fibre [PSF].
This expansion will further consolidate our global leadership position and increase our polyester capacity to 3.6 million tonnes.
Reliance will continue to fortify its leadership position by embracing innovation and launching several new products to address new markets.
These include:
Recron HavFresh, a unique wrap which maintains freshness of fruits and vegetables for a long time even when stored outside in extreme conditions in India.
Flame retardant and antimicrobial polyester products that will improve safety and healthcare applications.
Spun-dyed fibers for water-proof tarpaulin, tents and uniforms for defense personnel and; World-class sleep products sold under the brand Recron, the largest selling pillow brand in India with an annual sales of 2 million pieces.
Reliance has pioneered PET bottle recycling on a pan-India basis.
Reliance recycles 1.8 billion bottles every year.
This initiative provides livelihood to about 100,000 people from economically weaker sections of Indian society by engaging them in collecting, sorting and processing of PET bottles.
In summary, Reliance enjoys a strong competitive advantage based on low cost position, scale, integrated operations and presence in large and growing global markets.
Petrochemicals
After polyester, it has been the petrochemicals business that vaulted Reliance to the global league.
I am pleased to report that given the healthy demand in the Indian market, the petrochemical business delivered a record performance.
Urbanization and rising aspirations of the Indian consumer will continue to drive demand across all end uses, in particular agriculture, apparel, housing, automobiles, organized retailing and communication.
Our decision to double the size of our petrochemical business stems from the confidence reposed by the Indian market.
Click here to view more details
Recron's turnover during the year crossed USD 1 billion for the first time.
Last year, the world experienced record high cotton prices.
Pressure on land to meet increasing demand for food will limit availability of cotton.
This augurs well for polyester demand in growth markets like India.
The decision to expand polyester manufacturing capacities has to be seen in this perspective.
We recently announced the world's largest expansion in Polyester chain comprising 1.8 million tonnes of Paraxylene, 2.3 million tonnes of Purified Terephthalic Acid [PTA], 0.7 million tonnes of Mono Ethylene Glycol [MEG], 0.65 million tonnes of Polyester Resin [PET], 0.4 million tonnes of Polyester Filament Yarn [PFY] and 0.3 million tonnes of Polyester Staple Fibre [PSF].
This expansion will further consolidate our global leadership position and increase our polyester capacity to 3.6 million tonnes.
Reliance will continue to fortify its leadership position by embracing innovation and launching several new products to address new markets.
These include:
Recron HavFresh, a unique wrap which maintains freshness of fruits and vegetables for a long time even when stored outside in extreme conditions in India.
Flame retardant and antimicrobial polyester products that will improve safety and healthcare applications.
Spun-dyed fibers for water-proof tarpaulin, tents and uniforms for defense personnel and; World-class sleep products sold under the brand Recron, the largest selling pillow brand in India with an annual sales of 2 million pieces.
Reliance has pioneered PET bottle recycling on a pan-India basis.
Reliance recycles 1.8 billion bottles every year.
This initiative provides livelihood to about 100,000 people from economically weaker sections of Indian society by engaging them in collecting, sorting and processing of PET bottles.
In summary, Reliance enjoys a strong competitive advantage based on low cost position, scale, integrated operations and presence in large and growing global markets.
Petrochemicals
After polyester, it has been the petrochemicals business that vaulted Reliance to the global league.
I am pleased to report that given the healthy demand in the Indian market, the petrochemical business delivered a record performance.
Urbanization and rising aspirations of the Indian consumer will continue to drive demand across all end uses, in particular agriculture, apparel, housing, automobiles, organized retailing and communication.
Our decision to double the size of our petrochemical business stems from the confidence reposed by the Indian market.
Click here to view more details
Reliance Industries Limited
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