Filatex India Ltd (FIL), a polyester filament yarns producer, plans to invest Rs. 200-250 crore to add machinery and equipment, which will manufacture downstream value-added products.
Filatex expects to expand its profitability and long term economic viability from the new production capacity, which will be set-up at its Dahej plant in Gujarat.
FIL is involved in the business of manufacturing polyester and polypropylene multifilament yarns (PFY) and polyester, nylon and polypropylene monofilament yarns.
FIL added another value added product – fully drawn yarn (FDY) in its product range to cater to the needs of its customers.
FIL, promoted by New Delhi-based Bhaggeria family, is also considered a pioneer in manufacturing of monofilament yarns like polyester, nylon and polypropylene monofilament yarns.
Company’s yarns are used to produce goods like zippers, tooth brush bristles, velcro, magic fasteners and forming fabrics.