The US$ 300mn ShriVallabh Pittie Group (SV Pittie) cotton yarn manufacturing plant will be commissioned later this year
SOHAR Port and Freezone (SOHAR) has announced that Neelima Vyas has stepped down from her role as Director International and has been appointed as the CEO of SV Pittie Sohar (the ShriVallabh Pittie Group) Oman, a company operating within the Freezone.
“Neelima Vyas has been an invaluable asset to the team at SOHAR. We wish her every success in her new role as CEO of the new company,” said Mark Geilenkirchen, Chief Executive Officer of SOHAR Port and Freezone.
“The establishment of the SV Pittie Cotton Yarn Plant is the first step in establishing downstream industries in the textile sector. With Neelima Vyas at the helm, the company will see great success here at SOHAR,” added Jamal Aziz, Chief Executive Officer of the SOHAR Freezone.
The plant will commence commercial operations in early 2019 and is expected to import 100,000 tpa of cotton through SOHAR Port, from the USA, Australia and India. It will produce finished yarn which will then be exported to textile markets such as China, Bangladesh, Turkey and Pakistan. The high precision plant is the first of its kind in the region.
“It has been a pleasure and a privilege to work alongside such a professional team at SOHAR and I now look forward to taking up my new position as CEO,” stated Neelima Vyas.
