Home / Knowledge / News / Textiles / Sunny days ahead for polyester industry

Sunny days ahead for polyester industry

22
Mar '07
JBF Industries, the largest polyester chips manufacturer has recorded a growth of 13.52 percent compared to compounded annual growth rate of up to 9 percent last year, for previous period said Rakesh Gothi, Managing Director of JBF Industries.

Certain concessions have been given by Government within industry.

Import duty on raw materials has been reduced from 10 percent to 7.5 percent in the recent Budget whereas in previous year Government had reduced excise duties on finished products from 16 percent to 8 percent thereby encouraging industry, said Gothi.

Per kg consumption in India is just 1.6 kilograms per capita, China's consumption is 3.2 kilograms per capita, whereas world's average itself is around 3 kilograms per capita, this proves there is potential for growth within our industry, he said.

For this financial year ending in March, target has been set at gross sales in the range of Rs1500 crore and Ebitda levels around 12 percent with net profit of around 5-6 percent.

Our target figure for next financial year is Rs 2200 crore, Ebitda being again 12 percent and net profit being somewhere around 6-7 percent, for our ongoing projects in UAE at Ras Al Khaimah where PET project is going to come through, Gothi said.


Must ReadView All

Pic: Shutterstock

Retail | On 21st Sep 2021

US clothing stores sales up 0.1% MoM, 36.6% YoY in August: NRF

Retail sales in the US increased during August as consumer demand...

Pic: Shutterstock

Apparel/Garments | On 21st Sep 2021

Research paper urges Kenya to cultivate new export markets

To diversify its exports and markets, Kenya should endeavor to raise...

Pic: Shutterstock

Textiles | On 21st Sep 2021

Pakistan's textile & apparel exports rise 28.67% in July-Aug ’21

The value of textile and garment exports from Pakistan increased by...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Marry craft and utility

Gaurav Davda, Jindal Worldwide Ltd

Gaurav Davda
Jindal Worldwide Ltd

Indian MMF sector to become globally competitive

International apparel brands, Head honchos

International apparel brands
Head honchos

Launched first collection at onset of Covid

Mumin Can Eker,

Mumin Can Eker

Maseksport Inc is a readymade garment exporter. Founded in Izmir in 1989,...

Nantas Montonati,

Nantas Montonati

The Riri Group is a one-stop supplier of metal accessories for the luxury...

Shyam Gupta,

Shyam Gupta

Established by <b>Shyam Gupta</b> in 1978, Gargee Designer's (GD) offers...

Suresh Patel, Non Woven Federation of India

Suresh Patel
Non Woven Federation of India

The Non Woven Federation of India (NWFI), representing the regional...

Pranesh Sridharan & Berndt Koll, Lenzing

Pranesh Sridharan & Berndt Koll
Lenzing

The Lenzing Group produces Lenzing Lyocell and Modal cellulosic fibres of...

 Natacha Defeche, Edana

Natacha Defeche
Edana

Since 1971, EDANA, the International association serving the nonwovens and ...

Niti Singhal, Twee In One

Niti Singhal
Twee In One

Best known for convertible clothing, Indian brand Twee In One by designer...

Sarah Denise Cordery, Sarah Denise Studio

Sarah Denise Cordery
Sarah Denise Studio

Manchester, England-based Sarah Denise Studio provides relevant fashion...

Raghavendra Rathore, Label Raghavendra Rathore Jodhpur

Raghavendra Rathore
Label Raghavendra Rathore Jodhpur

Being one of the first designers to use the "Brand India" positioning for...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


September 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search