Home / Knowledge / News / Textiles / Nisshinbo-Vardhman enter into JV for shirt manufacturing
Nisshinbo-Vardhman enter into JV for shirt manufacturing
27
May '09
Vardhman Textiles Limited has recently entered into a Joint Venture Agreement with Nisshinbo Textile Inc. Japan for manufacturing men's shirts. Nisshinbo is a world class textile manufacturer with comprehensive operations including spinning, weaving, knitting, finishing and sewing. The joint venture would be implemented in a separate company promoted by the name of 'Vardhman Texgarments Limited'.

Mr. S. P. Oswal, Chairman, Vardhman Group of Companies informed that the total manufacturing capacity of the project shall be about 1.8 million pcs. per annum. The estimated capital cost for the project is Rs.30 crores which will be financed partly from equity contribution by joint venture partners and partly by debt. The project shall be located at Ludhiana in Punjab. The equity participation of Vardhman and Nisshinbo would be in the ratio of 51:49.

The joint venture company will supply majority of its production for international markets through Nisshinbo. The JV company shall also manufacture shirts for supply to the domestic brands. Nisshinbo shall also provide technical assistance for setting up the facilities and for the manufacturing operations.

This venture of Vardhman is a step towards a gradual integration of its Textile Value Chain to meet the clothing requirements of higher end customers in domestic and international market.

Vardhman Textiles Limited


Must ReadView All

Ghana makes tax stamp compulsory on imported textiles

Textiles | On 27th May 2018

Ghana makes tax stamp compulsory on imported textiles

To curb illegal imports, Ghanaian authorities will put a tax stamp on ...

Courtesy: Vishal Mega Mart

Apparel/Garments | On 27th May 2018

Partners Group, Kedaara Capital taking over VMM

Partners Group, a private markets investment manager, and Kedaara...

Courtesy: Deckers

Apparel/Garments | On 27th May 2018

Deckers Brands sales soar 8.4% in Q4FY18

Deckers Brands, a global leader in designing, marketing and...

Interviews View All

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Steve Cole
Xerium Technologies

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

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Pranav Mishra
Huemn

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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

Leave your Comments


May 2018

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

news category


Related Categories:

Advanced Search