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Shahlon Silk Industries expands geographical reach
04 Feb 21 2 min read
Shahlon Silk Industries Ltd, a leading fabric and manmade fibre company in India, has announced that the company is expanding its geographical reach to cater to more markets as the demand for textile products showing excellent strength in both domestic and international markets led by increasing demand for fashion and furnishing products.
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After expanding its geographical base, the company exports its products to 15 countries like US, Europe, Middle East, Africa, Belgium, Egypt, Jordan, North Africa, Thailand, Turkey, Sri Lanka, Bangladesh and Korea.
Many countries and companies are already expanding their sources of man-made fabrics/yarns from different nations rather than relying on a few countries, according to Shahlon Silk’s press release. India is expected to gain significantly out of this as the county has been moving towards man-made fibres from cotton fibres and can be a huge sourcing nation for the world.
Shahlon Silk is primarily engaged into manufacturing and exporting of synthetic textile yarn and fabrics, garners 87 per cent of its revenues from domestic markets and 17 per cent from exports.
The Surat based company has four manufacturing facilities at different locations in Gujarat (Kim, Karanj, Kosamba and Sachin). The company's total installed capacity for fabric manufacturing is 40 million meters per annum while it is 22,200 metric tons per annum for manufacturing yarns.
“During the current quarter, we have added marquee clients in both domestic and interactional markets, which would result in increased volumes,” Dhirubhai Shah, chairman of Shahlon Silk Industries, commented on expanding company’s reach. “The global trade and supply chain scenario has been changing and favouring India, in terms of becoming key sourcing partner for both fabric and manmade fibre products.”
“We are focussing on improving our operating margins and profitability through better revenue mix and operational efficiencies. Besides, focussing on expanding our geographical reach and adding more customers across the world and fully committed to capitalise on the changing industry landscape,” Shah said in the release.
Fibre2Fashion News Desk (JL)
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