Home / Knowledge / News / Textiles / High cost forces Soma Textiles to close spinning unit
High cost forces Soma Textiles to close spinning unit
20
May '16
Loom shed inside Soma Textiles unit. Courtesy: Soma Textiles
Loom shed inside Soma Textiles unit. Courtesy: Soma Textiles
Ahmedabad based Soma Textiles & Industries has closed down its spinning unit because of high operative cost and other factors.

“In the present scenario of textile industry, it is not viable to continue spinning and winding unit/department at the company's textile unit at Ahmedabad because of its high operative cost and other adverse factors,” Soma Textiles said in a recent filing to the BSE.

“The management has therefore closed down the spinning unit with immediate effect,” the filing said.

One of the first units to manufacture indigo denim, Soma Textiles' main products include cotton and blended yarn as well as cotton and man-made fabrics. (RKS)

Fibre2Fashion News Desk – India

Must ReadView All

Textiles | On 30th May 2017

CAI estimates 2016-17 cotton crop at 340.5 lakh bales

Cotton Association of India (CAI) has retained its earlier estimate...

Courtesy: World Bank/Claude Renault

Textiles | On 30th May 2017

India’s economic fundamentals remain strong: World Bank

India remains the fastest growing economy in the world – economic...

Courtesy: Dollar Industries

Apparel/Garments | On 30th May 2017

Dollar Industries registers Rs 906 cr turnover in FY17

Hosiery major Dollar Industries Limited registered a turnover of Rs...

Interviews View All

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search