Filatex has announced increasing production capacity to 3,28,300 TPA in FY19 from 2,37,000 TPA in FY18. The company has initiated debottlenecking of polymer capacity from 900 to 1,050 MT/day along with addition of POY capacity of 61,000 TPA and texturizing capacity of 72,000 TPA. The total investment for the capacity expansion is estimated at Rs.275 crores. The project is expected to be completed by the end of December, 2019.
The company is also investing in a captive Thermal Power Generation plant of 25 MW at an estimated capital expenditure of Rs.100 cores and Solar PV Power generation capacity of 2.5 MW at an estimated capital expenditure of Rs.12 crores. Going forward, Filatex also plans to carry out forward integration by putting up Fabric manufacturing and processing unit.
Mr. Madhu Sudhan Bhageria, Chairman & Managing Director, Filatex India said, “As the standard of living improves, demand for man-made fibers will see a boost globally and locally. In India, as we move away from an agrarian economy, natural fibers are becoming expensive and more difficult to grow due to paucity of arable land. Synthetic Fibers are gradually replacing them as they offer similar quality and properties at much affordable cost. At Filatex, we are preparing for this boom by manufacturing top quality and cost-effective yarns. We are expanding capacity to meet growing domestic needs along with our already flourishing exports business. We are also exploring technology for manufacturing value added fabrics which are currently being imported.”
Filatex has set an ambitious target of doubling the revenue to Rs. 3,000 crores by 2021-22. The company’s strategy of adding value-added products has given strength to both the top and the bottom lines.
Filatex has established a respectable position in the polyester filament yarn industry in India. The company is manufacturing an increasing proportion of value-added yarns with versatile applications. It is balancing its product portfolio and debottlenecking its capacity to enhance margins. The company’s total capacity increased from 500 MTPA to 236,500 MTPA over the last 25 years and this will now be increased to 3, 28, 300 TPA.
Filatex has also started commercial production at the bright polymerisation facility, as bright yarn is gaining increasing acceptance in non-apparel application as well. After commissioning the bright polymer facility, the company has now a full range of product basket of filament yarn – POY, DTY and FDY both in semi-dull & bright segments in all varieties of coarse and fine deniers.
The facilities at the Dadra plant will be utilized to produce colour yarns and special yarns made from own / bought out chips customized to the customer needs.
FIL is engaged in manufacturing and trading of synthetic yarn and textiles. The company manufactures polyester and polypropylene multifilament yarn and polyester chips. Filatex’s product offerings include complete range of filament, be it POY, DTY or FDY in semi dull, bright and colors of different shade, covering a wide range of coarse and fine denier.
FIL has two manufacturing facilities at Dadra & Nagar Haveli and Dahej, also equipped with state of the art modern German machines. Filatex at present exports to 34 countries globally.