Riding on the back of soaring demand for polyester fibre, simultaneously in the local as well as the world markets, the Kanpur-based Ganesh Polytex (GPL) is targeting Rs. 10 billion in revenue over the next five years, through capacity expansion.
Presently, the firm’s revenue is growing at a rate of 30 percent per annum, and is likely to touch around Rs. 2.65 billion for the 2011-12 fiscal.
The firm is engaged in recycling of PET bottle waste and convert it into Recycled Polyester Staple Fibre (RPSF).
Moreover, the firm which is the leading player in the RPSF industry is now also establishing a greenfield yarn spinning facility with a capacity of 25,000 spindles in Uttar Pradesh’s Bilaspur with an investment of Rs. 1.25 billion.
The company plans to fund the investments through equity, debts and internal accruals.
GPL now houses an overall installed capacity of 57,600 tons / annum, and intends to raise this to around 72,000 tons / annum with addition of another 14,000 tons / annum by 2012-13 fiscal.
Moreover, the company is also considering penetration into the business of recycling plastic waste.
The firm now operates two state-of-the-art facilities one each in Kanpur in Uttar Pradesh and at Rudrapur in Uttarakhand.
Of the company’s overall production around 20 percent is exported to European countries, while the remaining 80 percent is consumed domestically.
Advansa has made an announcement regarding the decline in the Carbon dioxide footprint in its ECO2Technology for ThermoCool fibres which was confirmed by a Life Cycle Analysis (LCA). The analysis was conducted by TNO which is an independent organization for applied scientific research based in Netherlands.
As per Advansa, the Life Cycle Analysis (LCA) confirmed an average decline of 80 percent in the release of global warming gases as well as drop in the non-renewable energy used in the ECO2Technology that is being applied for its ThermoCool commodities.
The LCA is based on system expansion methodology and offers a consistent measurement of several criteria associated with the production of global warming gases as well as the use of non-renewable energy.
According to Advansa, the LCA also substantiates that the technology applied for producing ECO2 products indicates use of less Carbon dioxide footprint with exceptional moisture managing capacity and high comfort level.
The ThermoCool staple fibres are manufactured by applying modern recycling technology under which polymer from post consumer PET is changed by means of a high-tech production process into first-rate polyester fibre.
Enquiries to have bedding and textile products asthma & allergy friendly COMPONENT APPROVED exceeded all expectations at Heimtextil Frankfurt 2011.
"Heimtextil was the first time we had spoken publicly about this new initiative to third-party test and validate component products as asthma & allergy friendly" says Fraser Hodgson, Chief Operations Officer at Allergy Standards Limited. "Companies and Retailers involved in every step of the supply chain were interested to provide a credible point of differentiation in the growing area of validated product claims".
The first polyester fibre in the world component approved as asthma & allergy friendly, Sensifil by Wellman International, was launched at Heimtextil. Demand for additional fibres being validated for Health Conscious consumers, along with fabric and thread components appears extremely high.
"We recognise that not all staff and team members would have been able to meet with Allergy Standards staff for a variety of reasons, but we are keen that all our customers and potential clients should benefit from the success of this new initiative".
