Reliance Industries Ltd. (RIL) has joined hands with textile firm Kıvanc Tekstil of Turkey to manufacture and market R|Elan GreenGold, a sustainable and innovative fabric, to leading apparel brands and consumers across the world.
The Earth Tee is the latest initiatives from this program to celebrate the ‘World Environment Day’. Reliance Industries, the owner of brand R|Elan, is one of the largest recycler of PET bottles in India, recycling 2.2 billion PET bottles a year.
This limited edition ‘The Earth Tee’ selected by IMG Reliance & Anita Dongre has been presented to celebrities, to join the ‘Fashion for Earth’ movement.
Reliance Industries (RIL) partners with Myntra fastest growing fashion ecommerce player in the country to co-brand its exclusive denim collection "Mast and Harbour made from fabric using R|Elan FeelFresh technology.
R|Elan FeelFresh is one of RIL’s flagship products and they are seeing a lot of acceptance for this technology among the leading apparel manufacturers and brands, said Gunjan Sharma, CMO - Polyester Business, RIL.
Reliance Industries showing interest in part or all of the unit of Alok and discussions are on with the company promoters and the resolution professional, as per people familiar with the development.
The interest may be focused on the polyester yarn unit as all the business is not of interest to Reliance because it would not add synergies, but one or two divisions may be value accretive to it. But there was no response from Reliance Industries to comment on this.
It has been found that ‘Purified Terephthalic Acid’ has been exported to India from China, Iran, Indonesia, Malaysia and Taiwan below its normal value which has resulted in dumping, according to the Directorate General of Anti-Dumping and Allied Duties (DGAD) , under the ministry, in its finding. After, MCC PTA India Corp and Reliance Industries Ltd (RIL) jointly filed an application seeking anti-dumping investigations.
Reliance Industries (RIL) has been an inseparable part of Gujarat's success story. Over the last three decades they have invested again and again to convert a business vision into a reality. The Mukesh Ambani led-Reliance Industries (RIL) at the 7th Vibrant Gujarat summit today announced investment of one lakh crore across its businesses, including the Gujarat petrochemical complex and raise polyester capacity, in the next 18 months. Prime Minister Narendra Modi as well as captains of industry and world leaders are attending the event.
US-based technology giant DuPont has been a pioneer in the fabric innovation for over a hundred years and has developed products such as rayon, nylon and lycra. DuPont has joined hands with Reliance Industries Ltd (RIL) and Vipul Sarees for use of its renewable fibre product Sorona to make an 'environment-friendly' version of India’s ethnic ladies wear Saree by giving it a 'green' touch.
The decision of purified terephthalic acid (PTA) producers like Reliance Industries Ltd (RIL) and Mitsubishi Chemical to increase prices by a steep Rs 2,100 a tonne from August 1 - just a week after the new government imposed anti-dumping duty on the product despite stiff opposition from the user lobby have added yet another chapter to their long-drawn battle.
Reliance Industries (RIL) recently has commissioned its new Polyester Filament Yarn (PFY) facility at Silvassa.
The entire production from this facility has been successfully placed in the domestic and international markets.
With the commissioning of this ultra-modern Polyester Filament Yarn Facility, Reliance’s total PFY capacity, including the Malaysian facilities, is in excess of 1.5 MMTPA.
This expansion further strengthens RIL’s position as the world’s largest producer of Polyester Fibre and Yarn.
Imposition of provisional anti-dumping duty likely on purified terephthalic acid (PTA) originating in or exported to India from China, South Korea, Thailand and the European Union. The duty will be ranging from $19.05-$117.09 per MT.
