Home / Knowledge / News / Textiles / Salek Textile acquires denim plant
Salek Textile acquires denim plant
Sep '10
Salek Textile Ltd is through with the, functionalities of acquiring Titas Spinning and Denim Company Ltd, an export-oriented denim unit. The cost of acquisition came to Rs. 1200 million, company officials divulged.

Matin Chowdhury, Managing Director of Salek Textile, a spinning mill based in Gazipur stated that, pursuant to their expansion plan, they acquired the Germany-Bangladesh joint-stake denim mill, in August.

The denim mill for some years now has been running in losses, as a result of, fall in production capacity on account of scarce gas and power supply, which caused the mill to lose its competitive edge, he said.

Saltex MD divulged that, originally they were planning to come up with a new industrial unit, but as the nationalized gas sourcing units have ceased providing fresh gas connections to industries, till easing of the gas crisis in the country.

Eventually, when they learned that Titas Denim was up for sale, and that the unit already has a gas connection in place, they acquired it, he added.

The denim mill has a capacity to produce 7.5 million metres of denim per year was set up in 2006 in Gazipur, the official stated and added that, they mean to further elevate the production capacity of the unit, post acquisition.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 27th Jun 2017

Vietnam to build fashion, textile, trading centres

Vietnam's Ho Chi Minh City will build large centres for designing...

Textiles | On 27th Jun 2017

Barcelona’s Unitin develops recycled Indigo yarns

Unitin, a trademark of Industrias Morera SA and a leading textile...

Information Technology | On 27th Jun 2017

ThreadSol to bring fabric solutions to Thailand

ThreadSol, an enterprise material management provider for the sewn...

Interviews View All

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Cindy McNaull

We have broad range of options in durable fabrics

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Marcel Alberts

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

Urs Stalder
Sanitized AG

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

Madhu Jain
Madhu Jain

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

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

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


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
July 2017

July 2017

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


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search