(MENAFN) Asian Fibers, the UAE-based recycling firm, announced it is planning to invest USD100 million on a 860.000 square feet production facility in Ras Al Khaimah, which is expected to be the single largest production facility for regenerated polyester staple fiber (RPSF) in the MENA region, Arabian Business reported.
Asian Fibers said the factory, currently under construction, is expected to be fully operational by May next year, and that it will employ 600 laborers and professionals to run it.
Asian Fibers is the single largest green recycling project in the MENA region, currently has a capacity of 100 MT per day at its facility in Al Ghail Industrial Park, with expectations that its production capacity will double within a year.
"Asian Fibres is committed to serving the community by reusing and transforming waste products, thus giving them a new lease of life. Asian Fibres offers the capability to treat PET waste entirely and locally, ensuring that we benefit the environment, community and the economy of the UAE," Group CEO of Asian Investments Group said.
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