Home / Knowledge / News / Textiles / Sutlej to invest in value-added niche yarn
Sutlej to invest in value-added niche yarn
22
Jun '16
Dilip Ghorawat
Dilip Ghorawat
Indian yarn manufacturer Sutlej Textiles plans to make investments to add to its existing portfolio of value-added niche products – value-added dyed yarn, cotton melange and cotton blended yarn – in the coming years, which will help the company sustain its profit.

“The company always looks for value-added niche yarn, and this is the reason there is sustainability in profitability for the last five years,” Dilip Ghorawat, director & CFO of Sutlej Textiles told Fibre2Fashion.com. “The company’s export forms about 26 per cent of its revenue at present, in spite of a challenging global market. This signifies the importance of value-added dyed yarns.”

An investment of approximately Rs 90 crore has already been made in fiscal 2016 for upgrading technology and de-bottlenecking to develop new varieties of yarn in the coming years. It plans to invest Rs 10 crore in R&D for the development of its melange yarn centre.

Further, Rs 270 crore worth expansion will be made to increase the capacities of its existing value-added products – dyed yarns, cotton blended yarns and cotton melange yarns. The company will also be introducing some club yarns.

Rs 88 crore worth investment will also be made for the expansion of its home textiles category, which contributes around five per cent to the total revenue.

These yarns are expected to help in further improving its profitability. (MCJ)

Click to read the complete interview

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

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Steve Cole
Xerium Technologies

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

Aditi Somani
Aditi Somani

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Ritu Kumar
Label Ritu Kumar

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

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:
July 2017

July 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