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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


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