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Markets :: Plastics :: Polypropylene
Reliance Idles Polyester Fiber and Petrochemical Units
9:53 AM MST | November 18, 2008 | Deepti Ramesh
Reliance Industries has permanently closed five of the seven plants at the company’s Patalganga, India polyester fiber and petrochemical complex due to deteriorating market conditions, Indian press reports say. Almost 800 employees at the site have been offered exit options, the reports add. Reliance reportedly closed plants that manufactured polyester filament yarn, polyester staple fibre, para-xylene, purified terephthalic acid (PTA), and linear alkyl benzene (LAB). Production at the plants had been partially stopped for more than one month before the...
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