Work on Ivanovo synthetic fibre plant to begin in 2015

According to a statement issued by Ivanovo government, Mr. Kon’kov said the government of the region would be creating a working group especially to supervise the proper implementation of the plant’s construction.

According to Mr. Kon’kov, the project has entered the crucial stage of preparation of the construction and some of most important factors that need to be dealt with are the technical conditions for infrastructural networks, financing the construction of the plant, enabling power to the plant, as well as ensuring environmental legislation requirements.

It is necessary to ensure that all documentations for these requirements are prepared efficiently and in full compliance with the regulations of the legislation, he added.

In December 2013, the Ivanovo government selected a site in the Vichuga town of the region for the construction of the synthetic fibre plant. The construction would be carried out by Russian subsidiary of the German company Uhde, with an investment of 300 million rubles, allocated by the regional government of Ivanovo, and is expected to be completed by 2016.

The plant would be designed to produce up to 500 tons of fibre per day for the textile industry of the region, and up to 200 tons of polyester staple fibre and textile granulate per year.

The project is aimed at substituting the imports of raw materials such as cotton and polyester in the region and meet with the requirements of feedstock for the domestic textile industry. The synthetic fibre plant is estimated to create 1,400 job opportunities in the region, of which 500 would be high-tech jobs, involved in production of synthetic fibres.

Fibre2fashion News Desk - India