Home / Knowledge / News / Textiles / Trident inaugurates world's largest terry towel plant
Trident inaugurates world's largest terry towel plant
08
Oct '14
Trident Limited, the flagship company of US$ 1 billion Indian business conglomerate—The Trident Group, has inaugurated the world’s largest terry towel plant and also laid the foundation stone of its Composite Textile project in Budni, in the central Indian state of Madhya Pradesh.
 
The new terry towel plant comprises of 300 looms and is expected to add about Rs. 18 billion to the company’s annual revenue. With this inauguration, the installed capacity of Trident has increased to 688 looms capable of producing 90,000 TPA of terry towels, making Trident the largest manufacturer of terry towels in the world.
 
The inauguration of the terry towel plant marks the completion of first phase of composite textile project undertaken by the company in Budni.
 
Simultaneously, the company also laid the foundation stone of the second phase of its composite textile project comprising of two spinning units, a bed linen unit and a captive power plant. This project will have 500 looms capable of producing 3.6 million meters of bed linen/month, 185,000 yarn spindles and 60 MW of captive power, the company said in a press release.
 
While the captive power plant will be commissioned in September 2016, the bed linen and spinning units are expected to be operational by September 2015, which is likely to add about Rs. 12 billion to the company’s annual revenue.
 
Overall, Trident will invest Rs. 24 billion for its composite textile project, which will be fully vertically integrated from cotton-to-terry towel and from cotton-to-bed linen, providing the company a natural cushion against variations in cotton and yarn prices.
 
Commenting on the expansion projects, Trident Group chairman Rajinder Gupta said, “Today we move a step closer to our dream of becoming the world’s largest home textile company. With entry into the bed linen segment, we intend to improve our product basket by offering a complete range of home textile products. With greater vertical integration and our emphasis on value-added products combined with prudent financial management, we believe that this expansion shall be a step further towards our goal of registering a strong performance and delivering better returns to our shareholders.”
 
Headquartered in Ludhiana, Punjab, Trident operates in two major business segments—textiles and paper—with its manufacturing facilities located in Punjab and Madhya Pradesh. Export turnover accounts for about 50 percent of the total sales of the company. (RKS)
 

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Bruckner

Textiles | On 3rd Dec 2016

Indian textile companies opt for Brückner stenter lines

Indian textile firms Laxmipati Sarees, makers of polyester sarees and ...

Courtesy: Bombay Dyeing

Textiles | On 3rd Dec 2016

Bombay Dyeing to focus on retail; stops textile production

Bombay Dyeing, a Wadia group company, has decided to shift its focus...

Apparel/Garments | On 3rd Dec 2016

Q3FY17 net earnings slip 26.8% at denim retailer Guess

In the three months ended October 29, 2016, net earnings at denim...

Interviews View All

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Steve Cole
Xerium Technologies

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

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Robert Brunner
Devereux

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

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search