Expansion cum backward integration plan of Sumeet

13 Feb '08

1 min read

Sumeet Industries Ltd planned to expand its Polyester POY spinning capacity from existing 12000 Tons per annum to 60300 Tons per annum. Company is setting up another 10 Lines of Polyester POY spinning plant with annual installed capacity of 48300 Tons.

Company also planned to setup one C.P. plant (Continuous Poly condensation Plant) for 53000 Tons per annum. By installation of this plant company can produce Polyester POY directly from PTA, MEG which increases value addition substantially.

Total Project cost will be 125 Crores.

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This is project will start commercial production within 18 months time.

Mr. Shankarlal Somani established Sumeet Industries Limited in 1989. The company started as a yarn manufacturing unit and has now grown in a huge conglomerate with various businesses with an annual turn over of Rs. 1200 million (USD 27 million). The company believes that perfection is something that's defined by the customer and not by any formula or certificate. Guided by our core values, today we stand firm in India as a well recognized name for a quality product supplier.

Sumeet Industries Ltd

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