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Polygenta Technologies Ltd (BSE: 514486), Nashik is a fully integrated plant producing 100% PET chips, Partially Oriented Yarn (POY) and Draw Textured Yarn (DTY) for the Indian textile industry and export markets. This marks the first step in the global rollout of the ReNew process. The other market verticals for ReNew are PET bottle manufacturing as well as PET films and adhesives, and resins.
At its current capacity, the Company’s fully integrated plant in Nashik processes close to 1 million bottles a day to produce 25 tonnes per day of 100% recycled yarn, which it sells to some of the 100+ repeat customers. It has generated $32 million in sales for the year ending 31st December 2011.
The network and global expertise of our investors and partners are the key ingredients to our overall strategy.