Home / Knowledge / News / Textiles / Synthetic yarn makers in TN to cut production
Synthetic yarn makers in TN to cut production
17
Jul '15
Around 90 textile spinning mills, located in Tamil Nadu, will reduce their production of synthetic yarn by shutting down their units for two-days-a-week beginning tomorrow, according to media reports.
 
The decision to stop production on weekends was taken earlier this week at a meeting of Synthetic Spinners’ Group, Indian Texpreneurs’ Federation.
 
Increase in import of synthetic yarn in recent months has led to poor off-take, resulting in stockpiling of yarn and accompanied losses. Yarn stocks have increased with these spinning mills from the usual 7-20 days to 40-60 days.
 
The closure of production during the weekends would result in a 25-30 per cent dip in output, and thereby Federation members hope to reverse the continuing fall in prices and also reduce their stockpile.
 
About 40 lakh of the total 2 crore spindles in Tamil Nadu produce 40,000 tonnes of blended yarn per month.
 
India’s synthetic yarn imports have risen from less than 5,000 tons in February 2015 to more than 6,000 tons in April this year. (RKS)
 

Fibre2Fashion News Desk - India

Must ReadView All

Courtesy: Ikea

Textiles | On 26th Apr 2017

Ikea’s product sourcing from India to double by 2020

Ikea, the global home furnishing giant from Sweden, plans to double...

Textiles | On 26th Apr 2017

CITA to add insufficiently available fabric in CAFTA-DR

The Committee for the Implementation of Textile Agreements (CITA) has ...

Courtesy: SKF

Textiles | On 26th Apr 2017

SKF brings predictive maintenance for machinery to India

SKF India, a global supplier of bearings, seals, mechatronics,...

Interviews View All

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Giorgio Mantovani
Corman S.p.A

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Igor Chapurin
Chapurin

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

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, 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:
April 2017

April 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