Huntsman Textile Effects (TE), a prominent name in international textile sector, in collaboration with Swisstex Chemicals, launched its new Formulation and Distribution Centre (FDC) in Karachi, the economical hub of Pakistan. It was the first state of art Formulation and Distribution Center in the country being established by the Huntsman that brought local textile sector in rank with the countries rapidly developing in regard with textile sector.
It is pertinent to mention here that it was the 13th FDC, being established by the Huntsman across the world to meet the diverting challenges of the industry. The center was jointly inaugurated by the President, International Textile Manufacturers Federation and Chairman, Gul Ahmed Textiles Basheer Ali Mohammad and Vice President, Huntsman Textile Effects, Kent Kvaal.
Addressing the inaugural ceremony, Kvaal briefly shed light over the history and services of Huntsman regarding to textile sector and said that in response to the upcoming challenges and to bring the textile sector back on track, the Huntsman with massive investment, decided to switch the plants from the United States to Asian Reign.
Bashir Ali said while addressing the ceremony that it was an important event and milestone for the country's textile sector. He stressed that need to change the Pakistan and move forward to technical business, instead of commodity. He thanked the foreign guests who establish the FDC inside the country, when Pakistan was facing worst conditions due to Afghan war, resulted in migration of a large number of textile units to Bangladesh and other destinations. Chief Executive Officer, Swisstex Chemicals, Zain Bashir delivered the welcome address. He said that through the FDC, local textile sector would get an opportunity to reduce production cost, besides enhancing production.-PR

Copyright Business Recorder, 2011

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