Home / Knowledge / News / Textiles / Indian spinning firm to invest $13.8mn for US operations
Indian spinning firm to invest $13.8mn for US operations
24
Dec '12
Sarla Performance Fibers Ltd, one of the leading manufacturers of nylon yarns in India, is planning to invest US$ 13.8 million to set up polyester partially oriented yarn (POY) plant along with texturising and twisting facility in the US.
 
Mr. Sunil Jhunjhunwala, vice-president of Sarla Performance Fibers, told fibre2fashion, “We have projected an investment of about US$ 13.80 million to set up polyester POY plant along with texturising and twisting facility in Walterboro, South Carolina, US.”
 
“This will be the first investment made by the company in the US, “he informs.
 
According to him, the company is planning to establish the plant in the US due to proximity of market. “Another reason for establishing the plant in the US is the changes in regulations of Central America-Dominican Republic Free Trade Agreement (CAFTA) and North American Free Trade Agreement (NAFTA),” he adds.
 
Informing further about the new plant, he says, “We have already identified the location and we plan to start the production in second half of 2013.”
 
The Mumbai-based company manufactures and exports polyester and nylon textured, twisted and dyed yarns, covered yarns, high tenacity yarns and sewing threads.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 26th May 2017

Lenzing unleashes new eco-friendly fibre

There's a new eco-friendly fibre on the anvil—Austrian speciality...

Apparel/Garments | On 26th May 2017

PVH Corp Q1 2017 revenue rises 4%

The first quarter revenue of fiscal 2017 at apparel marketer PVH Corp ...

Courtesy: Levi Strauss & Co

Apparel/Garments | On 26th May 2017

LS&Co. to fund water saving solutions

LS&Co. will fund to the tune of more than $350,000 the solutions...

Interviews View All

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Prathyusha Garimella
Prathyusha Garimella

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing 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

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