The construction of an $80 million non-woven fabric factory is due to commence next month in West Shuaiba, Kuwait. The project will take five months to complete and is expected to become fully operational by 2004, confirmed the project’s investor Gulf Polytex.
Hoped to contribute to the diversification of the Kuwaiti economy, the plant will produce 50,000 metric tons of non-woven airlaid single and composite layer fabrics, composed of single or multi-materials. Up to 95 percent of the plant’s output will be exported to diaper and tissue manufacturers in Asian and African markets.
Kuwait is keen to expand its economy beyond oil production and processing. Despite the country’s attempt to build up the industrial and financial sectors, oil and gas still account for more than 90 percent of export earnings. Industrial development is dependent on government expenditure, which in itself is determined by the level of oil income. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
