BTK Holding, one of Russia's largest producers of technical textiles and apparel is commissioning a large-scale facility for this purpose. The company has already completed preparatory work for the launch of the 1,20,000 sq. mt. production facility, which employs more than 1,000 people.
On full commission the new plant will become Russia’s most modern and high-tech production facility in the domestic technical textile industry. It will have a good technological infrastructure and operate more than 250 units of modern equipment, which were purchased in Italy, Denmark, Germany, Switzerland and France.
The plant would focus on the production of synthetic fibers as well as heat retainers. The capacity of the plant will be in the range of five to six million meters per year. At present the technical textile industry in Russia remains practically undeveloped, with local production currently meeting only15 per cent of domestic consumption of technical textiles. By 2025, the level of consumption of technical textiles in Russia is expected to grow three to five times. Demand for technical textiles from the domestic automotive industry alone exceeds 200 million meters of fabrics.
The government is willing to provide a number of incentives to BTK and in particular to provide subsidies for the purchase of raw materials.