| German headquartered
Saertex, a player in the stitch-bonded fabric sector,
has set up a manufacturing plant at Hinjewadi in
Pune. With six manufacturing facilities across the
globe, the Indian facility will be its seventh and
its first in Asia.
With an investment of close to
6 mn, the Pune facility would be manufacturing glass-based
stitch-bonded multiaxial fabrics, which would be
utilised in the windmill and transportation industries
initially.
Likely to be fully operational
shortly, the plant is expected to manufacture about
6,000 tonnes of fabrics in the first year, which
will be doubled by the second year.
Currently, the markets of Asia
Pacific and India were being catered to from the
South African plant. With a 45% market share for
stitch-bonded multiaxial fabrics in Asia, the Pune
plant would now serve as the production platform
for the Asian markets.
Mr. P.K.C. Bose, Managing Director
and Chief Executive Officer, Saertex India, also
stated that in future the Company would look at
applications in other areas such as aerospace, automobiles,
ship and boat building industries and infrastructure.
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