Indian fancy yarn maker Lambodhara Textiles will be using the spinning capacity of DR Spinning Mills to manufacture yarn from fibres, according to a company filing with the BSE.
DR Spinning Mills' spare capacity of 5,456 spindles will be used for converting fibre into yarn.
Lambodhara Textiles currently has 37,856 spindles, out of which 33,224 spindles are used for producing fancy yarns.
Lambodhara Textiles will be using the spinning capacity of DR Spinning Mills to manufacture yarn from fibres, according to a company filing with the BSE. DR Spinning Mills' spare capacity of 5,456 spindles will be used for converting fibre into yarn. This agreement will benefit the overall performance of the company by increasing its spinning capacity.#
This agreement will benefit the overall performance of the company by increasing its spinning capacity. (MCJ)
Fibre2Fashion News Desk - India