Lenzing to build viscose fiber production plant in India
18 Apr '07
3 min read
The Indian viscose fiber market is currently supplied by a single local producer, a situation that is not conducive to the development of the industry.
"With Lenzing we expect a substantial improvement in the supply situation of the rapidly expanding Indian textile and nonwovens industry with high-quality fibers. The Indian industry will greatly benefit from this project.", says Satish Modi.
Moreover, Lenzing will open its global distribution network to Indian customers and provide them with technical support and expertise. Lenzing will hold the majority share in the new viscose fiber plant and will bring its technical competence and production experience into the new joint venture, Modi Fibers Limited will provide the land and local experience.
The legal requirements for the construction and operation of the plant have already been met. Lenzing will build a state-of-the-art viscose fiber production plant in India, using the latest fiber technology.
Lenzing India will be the group's seventh production plant. The new plant and future capacity expansion at the others sites will have increased the group's total production capacity by the turn of the decade to more than 660,000 tons of cellulose fibers, securing Lenzing's position as global market leader.
With the completion of this project, Lenzing will have more than doubled its number of production sites, as well as its production capacity within a decade by means of organic growth, greenfield projects and acquisitions.
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