Emirates Fibre, a subsidiary of bedding material producer Safetex Group, recently commissioned its polyester staple fibre (PSF) plant. Emirates Fibre hopes to cater to demand from the domestic market and the region.
“The US$ 10 million or Dh 36.78 million plant is located at Ras Al Khaimah’s Al Gail Industrial Park and is a subsidiary of the Safatex Group and has a current capacity of 600 tons per month which will be ramped up to 1500 tons per month by June”, the Chairman of Safatex - Muhammad Saleem Ahmad told Gulf News
“Around 50 percent of the plant output would be supplied to the Safetex Group, and the rest would be sold in the domestic, Middle East and Gulf market”, Mr. Ahmad said.
“The Gulf region houses over 50 bedding producers, due to which there is good demand for polyester fibre. Saudi Arabia, Kuwait and UAE are the leading buyers of bedding materials in the Gulf, while in Middle East and Africa, it is Algeria, Egypt and Morocco”, he said.
The official said the company expects to start earning return on its investments over next three to four years and intends to help UAE downsize its dependence on imports from Korea, China and Taiwan. However, he said as raw material costs are increasing on the back of oil prices, prices of polyester fibre are also expected to rise.
The company next plans to start a plant to spin the fibre in the next four to five years.
Source:
http://www.fibre2fashion.com/news/textile-news/newsdetails.aspx?news_id=120667
