Credit rating agency, Credit Analysis & Research (CARE) has assigned ratings to bank facilities of Filatex India. The rating agency has assigned ‘BBB’ rating for Rs 467 crore long term bank facilities and ‘A3+’ for Rs 300 crore short term bank facilities of the company.
Filatex India (FIL) set up its first manufacturing facility in January, 1994 in Noida (U.P) to manufacture 500 TPA Specialty Polyester, Nylon, Nylon 6, Nylon-66, PBT, Polypropylene Monofilament yarns in Technical collaboration with REIFENHAUSER, GmbH, Germany, who are pioneers in Extrusion Technology in the world and have supplied Monofilament Plant and Machinery to leading world manufacturers like Du Pont, Hoechst, Bayer, etc.
