Home / Knowledge / News / Textiles / Suryalaxmi commissions plant to produce mélange yarns
Suryalaxmi commissions plant to produce mélange yarns
07
Oct '15
Integrated yarn to garment manufacturing company Suryalakshmi Cotton Mills has commissioned a fourth spinning mill to produce value-added and premium fancy yarns.

The plant in Amravati, a cotton producing hub, has been set up at a cost of Rs 131 crore and has 26,000 spindles, which will take the total spindle capacity at Suryalaxmi Cotton to 87,000.

According to a press release, the plant includes fully automated, state-of-the art, imported spinning technology on which trial runs have been completed and commercial production begun.

Managing director Paritosh Agarwal said, “Set up within stipulated timelines with no cost overruns, it proves our superior execution and process skills.”

“With commencement of operations at the new plant, we will significantly cut down our dependence on third-party vendors for procuring yarn enabling better quality control and increased cost efficiencies,” he added.

“With fancy yarns being a premium product and high margin business, we anticipate annual revenues of Rs 150 crore plus from this plant alone,” Agarwal informed.

He further added that the in-house unit expands their scope to invest in R&D, enabling them to be in sync with latest trends in the world of denim and cater to global and domestic fashion demands more effectively.

The high value yarns produced in this plant would be used for captive consumption in its denim division, while it also has a 25 MW captive power plant which will further add to the company's bottom line.

Due to the location which is a cotton belt in Maharashtra, the unit has abundant access to high quality raw material and labour.

Further, it is fully compliant to leverage the interest subsidy benefits provided by the central and state governments and would provide direct employment to around 250 people and indirect employment to many more.

“The plant will help the company in creating a robust strategy to intertwine latest fashion trends across the three divisions,” the company stated.

“This will also de-risk the company's revenues and at the same time help in maintaining a focus on high-value high margin businesses,” it informed.

Founded in 1962, Suryalakshmi Cotton manufactures yarn, denim fabric and garments for leading private labels, fashion brands and retail chains in 29 countries across the globe.

Suryalakshmi Cotton is also a leading producer of denim fabric in the country with a capacity of 40 million meters per annum. (AR)

Fibre2Fashion News Desk – India


Must ReadView All

AAFA hails passage of Miscellaneous Tariff Bill in US House

Apparel/Garments | On 24th Jan 2018

AAFA hails passage of Miscellaneous Tariff Bill in US House

The American Apparel & Footwear Association (AAFA) has applauded the...

India’s yarn, fabrics, made-ups imports rise 20% in Dec

Textiles | On 24th Jan 2018

India’s yarn, fabrics, made-ups imports rise 20% in Dec

India’s imports of yarn, fabrics and made-up articles during December ...

India’s Liberty Shoes plans adding 50 stores by 2019

Apparel/Garments | On 24th Jan 2018

India’s Liberty Shoes plans adding 50 stores by 2019

Indian footwear major Liberty Shoes is preparing to open about 50...

Interviews View All

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Urmil Arya

Sushila International, a well established textile organisation established ...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Anisha Chaudhari
Threads & Shirts

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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

January 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.1%
No
13.4%
Skip
17.5%

Total Votes: 97

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.9%
No
28.9%
Skip
7.2%

Total Votes: 97

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.6%
No
9.3%
Skip
3.1%

Total Votes: 97

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
8.2%
Skip
9.3%

Total Votes: 97


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