Reliance Buys Malaysian Yarn Maker Hualon Corp

reliance industries

Reliance Industries Ltd., the world’s largest producer of yarn used for making textiles, agreed to buy assets of Malaysia’s bankrupt Hualon Corp. to expand capacity by 25 percent. The purchase will help Reliance increase its polyester- making capacity to 2.5 million metric tons and increase revenue by $1 billion, the Mumbai-based company said in an emailed statement today. Reliance will control 7 percent share of the world’s polyester yarn and fiber market, the company said.

Reliance Industries, owner of the world’s third-largest refinery, and Rohm & Haas Co. on March 22 said they plan to build a plant in India to make chemicals used in paints and plastics as demand rises because of a construction boom.

The Philadelphia-based Rohm & Haas, the world’s biggest producer of acrylic monomers for paints and plastics, may build a 200,000 ton-a-year plant at Jamnagar in western India. Reliance’s refinery is based in Jamnagar.

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  • sohail nisar

    Dear Sir/Madam,
    Nice to heard that Hualon Malaysia now convert to Hualon India, as India’s biggest group M/s. Reliance Industreis India, are the new operator for the same.
    We M/s. Allied Business corporation working here in Pakistan as one of the leading and oldest member in Pakistan, working for all sorts of yarn from last 20 years.
    Kindly quote your lowest best offering price for under mentioned product:
    ITY 135/108 PEACH.

    Moreover to this, we need your complete line of production detail, so kindly send us to check them from our side.
    We assured you that if your prices, will satisfied to our customers, which we have in good tally, more than 250 end-users/customers are our own customers, and we dispatch goods quite regularly to them.
    Your earliest response will be highly appreciated.
    If you have any question Please feel free to contact us.
    Thanks and Best Regards.
    SOHAIL NSIAR + ALLIED
    CHIEF EXECUTIVE

  • sohail nisar

    Dear Sir/Madam,
    Nice to heard that Hualon Malaysia now convert to Hualon India, as India’s biggest group M/s. Reliance Industreis India, are the new operator for the same.
    We M/s. Allied Business corporation working here in Pakistan as one of the leading and oldest member in Pakistan, working for all sorts of yarn from last 20 years.
    Kindly quote your lowest best offering price for under mentioned product:
    ITY 135/108 PEACH.

    Moreover to this, we need your complete line of production detail, so kindly send us to check them from our side.
    We assured you that if your prices, will satisfied to our customers, which we have in good tally, more than 250 end-users/customers are our own customers, and we dispatch goods quite regularly to them.
    Your earliest response will be highly appreciated.
    If you have any question Please feel free to contact us.
    Thanks and Best Regards.
    SOHAIL NSIAR + ALLIED
    CHIEF EXECUTIVE

  • M.A.Herandian

    We congratulate and wish every success to Reliance group.
    I hereby offer our interest for cooperation in the field of ACRYLIC STAPLE FIBER and will be glad to hear your interest in Iran Market too.

    B.rgds.

  • kurraz hamdouna co .

    KURRAZ HAMDUNA TRADING & INDUSTRY CO.
    ISRAEL – GAZA – EL NASSER – KHALID EL HASAN ST.
    P.O. BOX 1414 GAZA
    TEL: 00970-8-2851472
    FAX: 00970-8-2851473

    we need ask you about polyester yan 150/1 48 fillement pls send me the price and all information . pls tell me your answer wery Q .

  • faruk

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