Indian Govt approves 21 new Textile Parks

(fibre2fashion) -- Government has sanctioned 21 new Textiles Parks under the Scheme for Integrated Textiles Parks with a project cost of Rs. 2100 crores to be implemented over a period of 36 months. Minister for Commerce, Industry and Textiles Shri Anand Sharma as Chairman of the Project Approval Committee under the Scheme accorded approval to the recommendations of the Inter Ministerial Project Scrutiny Committee which examined 55 proposals for new Textiles Parks in the country.

The Scheme for Integrated Textiles Parks seeks green field investments in textiles sector on a public private partnership basis with the objective of setting up world class infrastructure for Textiles industry.

Commerce, Industry and Textiles Minister Shri Anand Sharma said "sanction of new Textiles parks would catalyze significant additional investments with industry utilizing the benefits both under the Scheme for Integrated Textiles Parks for development of common infrastructure; and under the Technology Upgradation Funds Scheme for installation of Plant and Machinery."

Government has enhanced the allocation under TUFS from Rs. 8000 crores to Rs. 15404 crores under the 11th Five Year Plan and under the SITP an allocation of Rs. 400 crores has been made for sanction of new Textiles Parks in April 2011. Commerce Industry and Textiles Minister said that the new Textiles Parks would leverage an investment of over Rs. 9000 crores and provide employment to 4 lac textiles workers. Government would finance common infrastructure with a subsidy upto Rs. 40 crores per Textiles park.
MRC

(Fibre2fashion) -- Tongsuh Petrochemical, based in South Korean, will begin commercial production of a new line at its Acrylonitrile (ACN) plant in January 2013. Tongsuh is adding line No.4 at its Ulsan based ACN plant, which will have a production capacity of 245,000 tons per year.

Tongsuh has an ACN capacity of 315,000 tons per annum and with the addition of the new ACN line in 2013 will reach 560,000 tons per year.

Acrylonitrile is a chemical compound which is used for the manufacture of useful plastics.
Acrylonitrile is used principally as a monomer to prepare polyacrylonitrile, a homopolymer, or several important copolymers such as styrene-acrylonitrile (SAN), acrylonitrile butadiene styrene (ABS), acrylonitrile styrene acrylate (ASA) and other synthetic rubbers such as acrylonitrile butadiene (NBR).
MRC

MOSCOW (MRC) – In H1 the imports of linear polyethylene (LLDPE) to Russia amounted to about 74,300 tonnes. The imports volumes are rising due to the reduction of the output by Russian producers, while the market capacity remained the same from the last year, according to MRC analysts.

In June, the imports of LLDPE to Russia increased to 14,800 tonnes, up 19% from May. In general, over the first six months of this year, the total import volume of LLDPE to the Russian market amounted to about 74,300 tonnes, up 18% compared to the same period a year ago.

Such a dynamic growth of LLDPE imports resulted from insufficient production volumes of Russian producers. Stavrolen’s force majeure in last December, made Nizhnekamskneftekhim actually the single Russian maker of LLDPE focus on the production of low pressure polyethylene. As a result, the output fell nearly twofold this year.

In general, over the first half of this year, the capacity of Russian LLDPE market remained at the same level from the last year and reached about 89,000 tonnes. The demand in key sectors of consumption (shrinkable film, blow moulding film, rotor forming, injection moulding, and cable extrusion) continues to grow, but not as dynamic as during last years. The only exception made the market of lamination films where, on the contrary, the demand declined.


MRC