Home / Knowledge / News / Textiles / RSWM to set up yarn manufacturing unit in Gujarat
RSWM to set up yarn manufacturing unit in Gujarat
06
Sep '12
Rajasthan Spinning & Weaving Mills Limited (RSWM), one of the largest producers and exporters of polyester viscose blended yarn in India, is planning to set up a yarn manufacturing plant in western Indian state of Gujarat by 2015.
 
RSWM, part of the Rs. 55 billion LNJ Bhilwara Group, would invest Rs. 4 billion for setting up a spinning and weaving unit in Gujarat, Mr. ML Jhunjhunwala, President of RSWM Ltd, said.
 
The new unit will increase RSWM’s yarn manufacturing capacity to 12,000 tons per month from the existing 10,000 tons per month.
 
The company plans to install 100,000 spindles in the new fully-automated plant, which will come up in next two-three years, Mr. Jhunjhunwala said.
 
In addition to setting up a yarn manufacturing facility in Gujarat, RSWM also plans to invest another Rs. 6 billion across its textile value chain as a part of its expansion plans.
 
Moreover, the company aims to enhance its market share in fancy yarns for apparels, sewing threads, denim market and technical textiles in Gujarat.
 
RSWM has recently opened a new regional yarn marketing office in Ahmedabad, with an aim to boost its interaction with buyers, so as to offer specialty products and to utilize customer feedback for product innovation, Mr. JC Laddha, Executive Director of the company, said.
 
Last fiscal, RSWM clocked a business of Rs. 1 billion in Gujarat and the company is aiming to achieve Rs. 1.5 billion in revenues from the state during the current fiscal.
 

Fibre2fashion News Desk - India


Must ReadView All

Affordable prices to be hit if US pulls out of NAFTA: NRF

Apparel/Garments | On 16th Dec 2017

Affordable prices to be hit if US pulls out of NAFTA: NRF

US retailers’ ability to offer consumers quality products at...

Strong exports, consumption fuel growth in Asia: ADB

Textiles | On 16th Dec 2017

Strong exports, consumption fuel growth in Asia: ADB

Economic expansion in developing Asia is likely to accelerate to 6...

Nomura  foresees 7.5% GDP growth for India in 2018

Textiles | On 16th Dec 2017

Nomura foresees 7.5% GDP growth for India in 2018

India's economy is on the cusp of a cyclical recovery and will...

Interviews View All

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Marcel Alberts
Eurofibers

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

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

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

December 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


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