Home / Knowledge / News / Textiles / Century Denim to cutback production by 50%
Century Denim to cutback production by 50%
04
Feb '09
Century Denim Unit, Satrati
Century Denim Unit, Satrati
The global economic slowdown is slowly but surely taking its toll on capacity operations of numerous companies. One of the oldest textile companies in India, set up as far back as 1897, and which has managed to survive through numerous other crises of the previous years, has recently announced its intention to cutback by 50 percent the production at its denim plant located in Central India.

The 20 million meters/annum, Century Denim, a division of the Rs 38.5 billion (2007-08), widely diversified Century Textiles and Industries Ltd, which in turn is owned by the BK Birla group, has decided to cut by half, production of denim at its unit in Satrati, Madhya Pradesh for the time being, without putting a time frame on the period of cutback.

fibre2fashion.com spoke to reliable sources within the company, who confirmed the information on the cut in denim production. The main reason being the slowdown in demand from its main overseas markets. The production cut has been made effective from February 1. To add to its woes interest costs kept on growing which dented its bottom line to a great extent.

Century Denim produces a wide variety of denim fabric in various weights, ranging from 4.5 – 15.5 oz per sq. yards. It manufactures the fabric from open end as well as ring spun yarn. Among the different assortments it offers are, Chino, Slub, Multi-count, Rain, Cross hatch, Dobby, Structured, Over dyed, Lycra, Polyester, Linen and not to forget the basic denim fabric.

Fibre2fashion News Desk - India

Must ReadView All

L-R Manish Singhai, COO, Peter England; Vinai Kumar Saxena, chairman, KVIC; Ashish Dikshit, business head, ABFRL and Anshu Sinha, CEO, KVIC while signing agreement. Courtesy: ABFRL

Textiles | On 24th May 2017

Aditya Birla & KVIC enter into a strategic partnership

Aditya Birla Fashion and Retail Ltd (ABFRL) and Khadi and Village...

Courtesy: Jabong

Apparel/Garments | On 24th May 2017

Jabong Mood Store redefines online shopping in India

Jabong, India's leading online fashion retailer, has launched the...

Textiles | On 24th May 2017

Starlinger unveils FX 8.0 circular loom for fabric making

Starlinger, a leading supplier of machinery for woven plastic...

Interviews View All

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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