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Construction begins for cotton yarn plant in Oman's Sohar
10
Apr '18
Construction of a major cotton yarn manufacturing project recently commenced at the Sohar Free Zone in Oman. Being set up by India's ShriVallabh Pittie Group (SVP) with an investment of $300 million, its first phase will incur a cost of $150 million. SV Pittie Sohar Textiles (FZC) LLC had signed a land lease agreement with Sohar Port and Free Zone a few months ago.

Bank Sohar is the finance partner for the project, according to a Muscat-based newspaper report.

UAE-based company INEXCO Group has been awarded the engineering, procurement and construction (EPC) contract for the project

The first phase, with a capacity of 150,000 spindles and 3,500 rotors, is likely to be completed by March 2019. However, production is planned to start in a phased manner in 2018.

The automated plant will also include a training centre and is expected to generate 750–1,000 jobs. (DS)

Fibre2Fashion News Desk – India


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