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Related Keywords: China, cotton, expansion, fiber, Filatex India, home textiles, India, manufacturing, polyester, production

Filatex India Ltd., a manufacturer of polyester and polypropylene multifilament yarn and polyester chips, after nearly competing a ₹850 crore expansion, is now planning to foray into the home textiles segment, where margins ‘are better than in the commodity business’, a top executive said.

“We are planning to enter the fabrics business, mainly home textiles, where the margins are better. We are still finalising the plans; this business would involve an investment of around ₹100 crore,” Madhu Sudhan Bhageria, chairman and managing director, Filatex India Ltd., said in an interview.

Related Keywords: commercial production of FDY and DTY, Filatex India

Filatex India’s project for manufacturing of 115 TPD Fully Drawn Yarn (FDY) and 200 TPD of Drawn Textured Yarn (FTY) at Dahej, Gujarat has been fully commissioned. The company primarily manufacturing several grades of polyester yarn.

The commercial production of FDY and DTY has started in September 2016.

Shares of Filatex India rose 5.3 percent intraday Tuesday as it has commenced manufacturing of yarm at its existing unit in Dahej, Gujarat

Related Keywords: boost first quarter revenues next FY, crude prices going up, Filatex India, in last one and a half years, newly commissioned FDY plant, no new expansion, performance boosted for fourth quarter, process of setting up texturising machines, raw material is basically from crude, textile firm primarily manufacturing several grades of polyester yarn

Filatex India Limited, an Indian textile firm primarily manufacturing several grades of polyester yarn with its newly commissioned fully drawn yarn (FDY) plant, their performance has been boosted for the fourth quarter of FY16.

Related Keywords: bigger production volumes, Filatex India, lower per tonne capital cost, manufacturing synthetic MMF, plans to expand its existing Dahej unit, Polyester fully drawn yarn, put up manufacturing facilities, ramp up long term profitability

Filatex India involved in manufacturing of various varieties of synthetic manmade fibres and is considered as pioneers in manufacturing of Mono filament yarn in Indian market plans to expand its existing unit at Dahej by put up manufacturing facilities of 100 MT/day of Polyester Fully Drawn Yarns to ramp up long term profitability.

This will lead to lower per tonne capital cost which in turn will put the company to a recurring advantage by way of lower depreciation and interest, Filatex India said in a BSE filing.