Business & Policy | Corporate Update

Finotex Chemical Concentrates On Current Generation Chemistry To Move Forward

Published: March 3, 2023
Author: DIGITAL MEDIA EXECUTIVE

One of the top producers of specialised chemicals, Fineotex Chemical Limited (FCL) serves numerous other industries. The business, which has achieved significant strides in the textile sector, is poised to make a big impression at ITMA 2023, which will be held in Milan, Italy, in June. Aarti Jhunjhunwala, the executive director, spoke extensively in an exclusive interview on the company’s recent success, product line, participation in ITMA 2023, sustainability measures, and other topics.

The company currently provides a broad range of products for the international market. Aarti Jhunjhunwala listed them, stating that “FCL offers a wide range of segments comprising over 470 product categories. The clients have been delighted by our recent partnerships with Health Guard Australia and Euro Dye CTC Belgium, which have expanded our product portfolio. once more with cutting-edge technology and items that are in high demand. This highlights the firm’s dedication to offering thorough and cutting-edge solutions for a range of needs in these areas. Our custom silicone functional line, which imparts epoxy, hydrophilic, and colour enhancement finishes, is already the buzz of the business thanks to significant endorsement from many of the leading firms. The business is prepared to take part in ITMA, Milan, later this year. Jhunjhunwala provided details about the planning for this significant textile trade show, stating that “FCL and BIOTEX will participate at ITMA, Milan, which will enable us to be at a worldwide event presenting our expertise, competency, and unique product range to all global customers. Our technical professionals will also respond to all customer-side technical questions. We look forward to seeing all of our customers in Milan, where we will focus on promoting the aforementioned new sustainable product line. An upbeat Jhunjhunwala shared her predictions for 2023 on the expansion of the global textile sector, saying: “The global textile market stood at roughly USD 1,002.4 billion in 2020. Notwithstanding all the obstacles the industry had to overcome during the previous two years, it was nevertheless able to expand by about 3.5%. The market is projected to expand at a CAGR of 4.5% from 2023 to 2028. By 2026, it’s predicted that the global market would be worth roughly USD 1,305.4 billion. Due to the vibrant fashion and garment industries in the region, the textile sector in Asia Pacific is anticipated to have significant expansion. “During the projection period, the market in the region is projected to benefit from the expanding trade agreements between various countries to help the textile sector. For instance, India allows 100 percent foreign direct investment (FDI) in the textile industry. The market is also anticipated to increase as a result of the rising demand for medical textiles, particularly in the wake of the pandemic. In conclusion, the sector will undoubtedly experience growth in the years to come if the geopolitical environment around the world is stable and there are no further outbreaks like the corona virus epidemic. To advance the sector, more creativity and a strong commitment to sustainability are now needed, she continued.

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