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Monday, 09 February 2026 16:53

Filatex India highlights circularity with commercial scale textile-to-textile recycling plant

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Filatex India has shifted its strategic focus toward high-value circularity, committing Rs 690 crore to a transformative capital expenditure program under its ‘Vision 2028’ roadmap. The center-piece of this initiative is the Ecosis facility, India’s first commercial-scale textile-to-textile chemical recycling plant with a capacity of 26,750 tons per annum. Scheduled for commissioning in September 2026, the plant utilizes proprietary glycolysis technology to convert polyester waste into virgin-grade chips. This move is timed to capitalize on an expected 20–25 per cent growth in Indian textile exports to the EU following free trade negotiations and stricter European mandates for 25–50 per cent recycled content by 2030.

Financially, the company maintains a resilient posture despite a volatile global demand environment. In Q3 FY2026, Filatex reported a 16.68 per centY-o-Y increase in consolidated net profit to Rs 55.34 crore, even as revenue softened slightly to Rs 1,049.70 crore. Operational efficiency drove EBITDA growth of 24.16 per cent, with margins expanding to 8.91 per cent. Strategic alliances, such as the recent MoU with Decathlon India to trial Ecosis materials, provide a validated demand pathway for its recycled polyester. ‘Ecosis is built on the belief that polyester textiles should not be treated as waste,’ noted Madhu Sudhan Bhageria, Chairman highlighting the sector's shift from traditional cotton to high-performance man-made fibers (MMF), which now account for nearly 60 per cent of global fiber production.

Filatex India is a leading manufacturer of polyester filament yarns and chips with over 30 years of expertise. Serving global apparel and industrial markets, it is currently expanding its Brownfield capacity by 55,000 tpa. The company reported a 54 per cent rise in PAT in 9M FY26 and targets leadership in the circular materials ecosystem by 2028.