WHAT'S NEW

PROJECT - POLYESTER CONTINUOUS POLY CONDENSATION UNIT
FIL also proposes to put up poly-condensation facility of approx. 300 MT per day capacity, which is a minimum economic size for Poly-condensation unit. It may be noted that presently, the POY capacity of FIL stands at 45000 TPA, which amounts to approx. 130 MT per day. Therefore, along with poly-condensation unit, the Company also proposes to increase its POY spinning capacity to:
  Match the poly-condensation capacity.
  Realign its position in line with the capacity expansion announced / being undertaken by other major industry players

The proposed unit would be a Continuous Poly-condensation unit, which offers the following advantages as compared to a Batch Poly-condensation unit:
  Reduction in power, packing & transportation costs
  Reduction in process time
  Reduction in wastages due to avoidance of handling and storage requirements

The above project will aim at the:
  Timely availability of raw material.
  Reduction in raw material costs
  Reduction of fixed cost per unit considerably
  Improve profitability of the company on account of economies of scale.

The existing plant would not be able to accommodate the proposed project. The proposed project would be set-up in Silvassa at a place near the existing plant in order to ensure:
  Better management control
  Logistics management as the existing unit would also source its raw material POY chips from the proposed project
  Lower Power Cost @ Rs. 4.00 / KWh