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Indorama Synthetics

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US accuses Indian companies of dumping resin

The United States has accused several Indian companies, including industrial giant Reliance Industries, of "dumping" bottle-grade polyethylene terephthalate resin, used to manufacture bottles,......

Textiles: Cotton yarn producers to gain

As expected earlier, Union Budget has touched on the points for the relief of Textile Industry. However, it has left a mixed bag of impression in the industry players but also addressed its needy......

MMF industry seeks excise duty cut to 8% from 12%

The Indian Textile Industry is one of the key and integrated industries in the Indian economy. It is the largest employer after agriculture. It employs approximately 35 million people directly and......

Indorama SPL snaps up Nigerian firm for $225 mn

After a series of negotiations spread over almost a year, the SP Lohia-owned Indorama SPL has sealed the acquisition of Nigerian Eleme Petrochemicals for $225 million. SP Lohia is the brother of OP......

Textiles: Slash excise duty on MMF

The Indian textile industry has an overwhelming presence in economic life of the country. As per the data in FY09, it constitutes 14% on Industrial production, 4% to GDP and 17% to country's export......

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