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Nakoda gears up to increase its production capacity
08
Jul '08
As the demand for polyester is constantly rising, leading manufacturers are planning to increase their production capacity to fulfill future requirement. Nakoda Textile Industries, a polyester-oriented yarn (POY) manufacturer is also not far behind; it has taken nearly 18.5 percent share in Surat Super Yarn Park, Surat, for expanding its output.

In an exclusive interview with Fibre2fashion, Mr B G Jain, Chairman and Managing Director, Nakoda Textiles, asserted, “The Company is making an investment of nearly Rs107 crore for infrastructural development and approximately Rs200 crore for buying machinery for the unit that will come up in Surat Super Yarn Park.

While talking about the benefits the Company will have with this new venture, Mr Jain divulged, “It will provide Ready Made Market for POY. This park is having captive power plant with 20 mega watt capacity which will bring down cost of production.”

The Yarn Park will start functioning from December and it will help Nakoda make huge profits. Other enterprises that will be a part of this area, will use POY manufactured by them for making textured yarn. Looking at the huge demand of the raw material in coming times, Nakoda Textile will increase its annual capacity from 30,000 ton to 1 lakh ton.

The Company is setting up 20 texturing machines with a capacity of 28,800 ton in the park. The group is also tied up with other entrepreneurs in the park, for purchasing drawn textured yarn (DTY) from them, that will be produced under its own brand name. Nakoda plans to export almost 20 to 25 percent of DTY manufactured here, to US and Europe.

Surat Super Yarn Park, is considered to be the biggest DTY park in the country. It is coming up under the Government's initiative to provide state-of-art infrastructure facility to various small and medium sizes enterprises of the nation.

Fibre2fashion News Desk - India

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