Home / Knowledge / News / Apparel/Garments / Chiripal Industries on massive expansion spree

Chiripal Industries on massive expansion spree

12
Mar '08
The leading textile process house of India, Chiripal Industries Ltd, is one of the biggest companies that provide complete range of textile products starting from yarns to retailing.

The Ahmedabad based company in an expansion spree, has planned to amplify its production capacity of filament yarns up by 20 percent from existing 43,700 tons per annum.

In an exclusive interview with Fibre2fashion, Mr Vishal Chiripal, Director of Chiripal Industries Ltd said, “We have plans to increase the manufacturing and processing of partially oriented yarn (POY), polyester texturised yarn (PTY) and fully drawn yarn (FDY) under our units like Shanti Processors Ltd and Chiripal Petrochemicals Ltd”.

Chiripal has already expanded its denim and spinning operations under Nandan Exim Ltd, by investing nearly Rs328 crore.

Presently, the Group has a manufacturing capacity of 30 million metres per annum of denim fabrics, and further, plans to add another 10 million metres. Besides, it has also lined up to increase its cotton yarn spinning capacity from 30 tons per day (tdp) to 50 tpd, apart from setting up a 15-Mw captive power plant. These expansion activities are likely to be completed by the end of 2008.

To meet this purpose, Chiripal has decided to raise around Rs100-115 crore through an initial public offering, by entering the capital market. The group foresees to take its turnover from Rs1,200 crore toRs2,000 crore with in a period of next three years.


Must ReadView All

Pic: Shutterstock

Textiles | On 26th Feb 2020

Bangla Tariff Commission fears grave impact on China trade

The impact of the coronavirus outbreak on Bangladesh-China trade is...

Pic: Shutterstock

Textiles | On 26th Feb 2020

UK risks losing up to 14% of exports to EU if no deal: UN

Non-tariff measures could cause major fractures in post-exit UK-EU...

Pic: Shutterstock

Textiles | On 26th Feb 2020

Turkey's textile industry employs 1.67 mn: minister

Turkey's textile and garment industry currently employs around 1.67...

Interviews View All

Amit Jain, Shingora Textiles Ltd

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Top executives, Textile Industry

Top executives
Textile Industry

We will move away from mass production to production in micro-factories

Riddhika Shah, SS Homme

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Herbert Guebeli,

Herbert Guebeli

Switzerland-based Sedo Engineering develops technologies for the denim...

Marcello Galvanin,

Marcello Galvanin

Galvanin has more than 50 years of experience in the production of textile ...

Farheen B Rahman & Priti Jain,

Farheen B Rahman & Priti Jain

Founded by business-designer duo <b>Priti Jain and Farheen Rahman</b>,...

Brad Holschuh, Wearable Technology Lab, University of Minnesota

Brad Holschuh
Wearable Technology Lab, University of Minnesota

A new study led by researchers at the University of Minnesota's Design of...

Mark Paterson, Technical Absorbents Ltd

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Robert Brookins, Alexium International

Robert Brookins
Alexium International

Alexium International is a specialty chemical development company...

Silvia Venturini Fendi, Fendi s.r.l

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Sweta Tantia, Tahweave & Garo

Sweta Tantia
Tahweave & Garo

Designer Sweta Tantia owns Garo, a couture indutva or ethnicwear brand,...

Rupa Sood and Sharan Apparao, Nayaab

Rupa Sood and Sharan Apparao
Nayaab

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

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


February 2020

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


Advanced Search