Ahlstrom to set up Rs.2.8 bn fabric plant in GujaratJuly 14th, 2008 - 7:26 pm ICT by IANS
Ahmedabad, July 14 (IANS) Singapore-based Ahlstrom Asia Holding has announced setting up of a fabric manufacturing plant in Mundra special economic zone (SEZ) in Kutch district of Gujarat with a proposed investment of Rs.2.8 billion. “We have done the ‘bhoomi puja’ (ground breaking ceremony) and the plant is expected to be operational by October next year,” Ajay Sahni, senior business development manager, told IANS Monday.
The plant will manufacture spun bond and melt blown fabrics, which are non-woven textiles, and will have production capacity of 12,000 tonnes.
Ahlstrom Asia Holding deals in hospital supplies as face mask, cotton and sterilization wraps among others etc.
According to INDA, the US-based trade association for non-woven textiles, the global market for non-woven textiles is estimated to be $112 billion.
The Mundra SEZ is the special purpose vehicle promoted by the Rs.180 billion Adani Group.
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