Filatex India views on Covid 19 and Demand of PTA

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the quote to be attributed to Madhu Sudhan Bhageria, Chairman & Managing Director, Filatex India.

“Right now everything looks alright but we don’t know what will happen in the next couple of months. After the Govt’s abolition of anti-dumping of PTA one of our key raw material, market was kind of picking up but due to Covid-19 scare again there is disruptions in the supply chain due to economic slowdown. Export people are asking to delay the shipment or even cancelling it. Indirectly, it would hit us also. People would not buy and whole chain reaction will be coming back. As everywhere in the world it is kind of lockdown situation and retail sales are also not happening.

Luckily for us, we are working in full capacity with utmost precautions. Outsiders are not allowed at the plants, people are being screened, thermal check-ups are done. We have supplies for next month, but if it continues then production would be affected. We have to wait and watch as the next 20 days would be crucial.”