Home / Knowledge / News / Textiles / Nakoda announces acquisition in South Korea
Nakoda announces acquisition in South Korea
03
Jul '10
A leading fully drawn yarn (FDY) maker, 'Nakoda Textile' has acquired South Korea-based polyester yarn making unit. Along with acquisition cost, it will invest around $40 million i.e. Rs 1.85 billion in the plant at Kyunghan in South Korea, said the Chairman and Managing Director of the company, BG Jain.

He further added that, the company has got access to new geographies through this acquisition. Only plant and machinery has been purchased, while land and buildings are leased out, he said. Finances for the acquisition will be done through internal accruals and debt.

The plant is positioned in South Korean industrial hub of synthetic fibre manufacturing, linked with Seoul and Busan, a third-busiest port in the world. The plant of 'Nakoda Textile' in India is situated at Surat in the state of Gujarat.

Fibre2Fashion News Desk - India


Must ReadView All

Courtesy: Pexels

Fashion | On 23rd Jun 2018

Nigerian bank launches N1 bn fund for fashion entrepreneur

Nigeria’s Bank of Industry has set aside 1 billion Naira (N) to...

Courtesy: Tayal

Textiles | On 23rd Jun 2018

Tayal textile factory in Algeria starts exports to Turkey

Algeria’s largest textile factory, the joint Algerian-Turkish company ...

Courtesy: Manhattan Beachwear

Fashion | On 23rd Jun 2018

Manhattan Beachwear in global partnership with BCBG Group

Manhattan Beachwear, the largest swimwear manufacturer in the US, has ...

Interviews View All

Top executives
Textile industry

It will take some time for the people to change their buying choices

Top executives
Textile industry, India

Such fairs are a must for industry to showcase new innovations

Karel Williams
Dow Microbial Control

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

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Urs Stalder
Sanitized AG

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

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

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


June 2018

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

news category


Related Categories:

Advanced Search