The Hindu Business Line : RIL polyester biz to look at packaging, construction sectors

Reliance Industries' polyester business will look beyond the textile industry's needs, moving to provide solutions to the packaging, paper and construction businesses.

There is going to be a fundamental transformation in the company's polyester business that will see the creation of a differentiated polyester portfolio, said Mr Mukesh Ambani, Chairman, RIL.

This will be its new value creation strategy, he said. In addition to making apparel grade polyesters, the company will develop a whole range of technical and performance polyesters.

The acquisition of Trevira Fibres gives RIL access to a huge intellectual property portfolio to build upon. This will be supplemented by investments in research and technology, particularly in technical fibres.

RIL recently commissioned a polyester capacity of 5.5-lakh tonnes a year, taking its total capacity to 2 million tonnes a year.

It is close to commissioning a 7.3-lakh tonnes a year purified terephthalic acid plant at Hazira which will start commercial production in the next few weeks, he said.

In this business, the company will now look at diversity in end use sectors, geographic presence and product innovation.

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