Apr 16, 2023
India’s Indo Rama Synthetics starts up new PET line in Nagpur
Priya Jestin 05-Jun-2023 MUMBAI (ICIS)–Bombay-listed Indo
MUMBAI (ICIS)–Bombay-listed Indo Rama Synthetics (India) Ltd has begun commercial operations at its 230,000 tonnes/year polyethylene terephthalate (PET) plant in the western Maharashtra state.
The PET plant located at Butibori in the Nagpur district is operated by Indorama Yarns Pvt Ltd, a wholly owned subsidiary of Indo Rama Synthetics.
Plant operations started on 2 June, it said in a regulatory disclosure to the Bombay Stock Exchange (BSE) on 3 June.
Indo Rama Synthetics, which is 32%-owned by Thailand's Indorama Ventures Ltd, is one of the largest polyester manufacturers in India and has an integrated production facility at Butibori.
It operates a 263,550 tonnes/year polyester staple fibre (PFS) plant, a 259,000 tonnes/year polyester filament yarn (PFY) line, a 138,946 tonnes/year drawn texturized yarn (DTY) unit and an 87,500 tonnes/year polyester chips line at the site, according to the company's website.
The subscription platform provides access to our full range of breaking news and analysis Contact us now to find out more
Now, more than ever, dynamic insights are key to navigating complex, volatile commodity markets. Access to expert insights on the latest industry developments and tracking market changes are vital in making sustainable business decisions.Want to learn about how we can work together to bring you actionable insight and support your business decisions?
Need Help?The subscription platform provides access to our full range of breaking news and analysis Contact us now to find out more