CHEMTEX AWARDED WITH A POLYESTER EXPANSION PROJECT IN INDIA

Immediately following successful commissioning of its first POY plant through the Continuous Polymerization route, Alok Industries Limited and Chemtex International have entered into an agreement to increase the capacity of the plant by 40%.  "We are satisfied with the highly competitive Polyester Technology supplied by Chemtex" said Mr. Surendra Jiwrajka, Jt. Managing Director of Alok Industries Limited.  "Chemtex congratulates Alok Industries on the successful commissioning of the first Polyester plant and looks forward to assisting Alok Industries with a value added expansion project" said Mr. Ajay Dashputre, Vice President - Business Development. 


About Alok Industries

 
(BSE Code: 521070) (NSE Code: ALOKTEXT) (Reuters Code: ALOK.BO) (Bloomberg Code: ALOK@IN)

Established in 1986, Alok Industries Limited is amongst the fastest growing vertically integrated textiles solutions provider in India. It is a diversified manufacturer of world-class home textiles, apparel fabrics, garments and polyester yarns. Alok has complete integration of its facilities across the textile value chain with globally comparable capacities for spinning of cotton yarn, weaving, knitting, processing, garmenting and made ups.  Alok also has a strong presence in the polyester segment with equally impressive capacities for polyester textured and partially oriented yarn. The company has a blue chip international customer base comprising of world renowned retailers, importers and brands.