The Supreme Council Member and Ruler of Fujairah His Highness Sheikh Hamad bin Mohammed Al Sharqi inaugurated a yarn manufacuring unit of United Textiles in the UAE’s Fujairah free zone.
The new plant, considered to be the biggest of its kind in the Middle East and the Gulf, has been built at a cost of Dh 225 million, with investment from the Republic of Azerbaijan and the Government of Fujairah.
The new facility has an annual production capacity of 10,000 tons of yarn, meant for export to the Gulf and Middle Eastern region as well as to all other countries across the world.
United Textiles’ Chief Executive Rajkumar Kak said the yarn manufactured by the factory would be used as an input by clothing firms for making garments, dress materials, furnishing fabrics and industrial clothes.
The company’s new spinning plant has been incorporated with high-tech Swiss and German technologies, and has a capacity of 45,600 spindles, Mr. Kak said.
The annual turnover of the plant, which would use Pakistan and Egypt grown cotton as raw input, is pegged at around Dh 140 million.
General Manager of Fujairah Free Zone, Sharif Al Awadi informed that there are 2,600 factories and companies that operate in the free zone, which together have an annual turnover of Dh 5.5 billion.
He added that the new textile facility would create around 20 new positions in senior management for UAE citizens.
Fibre2fashion News Desk - India