Synthetic fibre plant to develop Russian light industry

According to a statement issued by the government of Ivanovo, the presentation of the construction project of the Ivanovo synthetic fibre plant was demonstrated during the second meeting of Committee on Industry in the field of light industry of the Eurasian Economic Commission (ECE) in the city of Minsk.

Speaking at the presentation, Mr. Pak said the Russian light industry is heading towards development and one of the leading projects that would catapult the development is the construction of the synthetic fibre plant in the Russian region of Ivanovo.

During the meeting, ECE experts, textile industry representatives from Belarus and Russia as well as industrial experts gathered to discuss measures to promote cooperation among states and members of Customs Union—comprising of Russia, Belarus and Kazakhstan, in the development of the light industry.

Last month, the Ivanovo government informed that the construction of the synthetic fibre plant is expected to begin from 2015, and the government would also be creating a working group, especially to supervise the proper implementation of the plant’s construction.

The Ivanovo government has already selected the site for the construction of the plant in the Vichuga town of the region, and construction would be carried out by the Russian subsidiary of the German company Uhde, with an investment of 300 million rubles, allocated by the regional government.

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.

Fibre2fashion News Desk - India