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Ferganaazot to quadruple acetate filament output
15 Jun '10
1 min read
A chemical fibre plant owned by the state-owned OJSC Ferganaazot is planning the expansion of its acetate filament plant by increasing the production from 500 tons per month to 2,000 tons per month at a cost of US $5 million.
The expansion project will be implemented at the Ferghana Chemical Fibre Plant, which is now a subsidiary of Ferganaazot. Earlier the assets of Ferghana, which had declared bankruptcy, were transferred to Ferganaazot by a government order.
The Ferghana Chemical Fibre unit was set up in 1969 in the erstwhile USSR to meet the demands of the man-made fibre manufacturing sector.
Ferghana was not able to use its full capacity due to shortage of its key raw materials; Caprolactam, due to which it later had to be closed down, due to which it failed to pay its debt and declared bankruptcy in 2009.
The expansion project will be implemented at the Ferghana Chemical Fibre Plant, which is now a subsidiary of Ferganaazot. Earlier the assets of Ferghana, which had declared bankruptcy, were transferred to Ferganaazot by a government order.
The Ferghana Chemical Fibre unit was set up in 1969 in the erstwhile USSR to meet the demands of the man-made fibre manufacturing sector.
Ferghana was not able to use its full capacity due to shortage of its key raw materials; Caprolactam, due to which it later had to be closed down, due to which it failed to pay its debt and declared bankruptcy in 2009.
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