Textile firm Filatex India has commenced commercial production of polyester fully drawn yarns at its plant in Dahej, Gujarat.
"The commercial production for manufacture of 100 million tonnes per day of polyester fully drawn yarns at company's existing unit at Dahej has commenced with effect from March 4," Filatex India said in a BSE filing today.
Filatex said it is also in process of installing about 40 texturising machines at the plant.
"Two texturising machines have been installed of which commercial production has also been started with effect from March 4. The remaining machines would be installed in phases and is likely to be completed by September," it added.
In September last year, Filatex India had proposed to put up manufacturing facilities for polyester fully drawn yarns at its Dahej unit with a cost of Rs 100 crore, to ramp up long-term profitability.
This will lead to lower per tonne capital cost which in turn will put the company to a recurring advantage by way of lower depreciation and interest, the company had said.
Also, other fixed expenses like staff cost and factory overheads would also be spread over bigger production volumes leading to improvement in profitability, it added.
