Home / Knowledge / News / Textiles / Nakoda gears up to increase its production capacity
Nakoda gears up to increase its production capacity
08
Jul '08
As the demand for polyester is constantly rising, leading manufacturers are planning to increase their production capacity to fulfill future requirement. Nakoda Textile Industries, a polyester-oriented yarn (POY) manufacturer is also not far behind; it has taken nearly 18.5 percent share in Surat Super Yarn Park, Surat, for expanding its output.

In an exclusive interview with Fibre2fashion, Mr B G Jain, Chairman and Managing Director, Nakoda Textiles, asserted, “The Company is making an investment of nearly Rs107 crore for infrastructural development and approximately Rs200 crore for buying machinery for the unit that will come up in Surat Super Yarn Park.

While talking about the benefits the Company will have with this new venture, Mr Jain divulged, “It will provide Ready Made Market for POY. This park is having captive power plant with 20 mega watt capacity which will bring down cost of production.”

The Yarn Park will start functioning from December and it will help Nakoda make huge profits. Other enterprises that will be a part of this area, will use POY manufactured by them for making textured yarn. Looking at the huge demand of the raw material in coming times, Nakoda Textile will increase its annual capacity from 30,000 ton to 1 lakh ton.

The Company is setting up 20 texturing machines with a capacity of 28,800 ton in the park. The group is also tied up with other entrepreneurs in the park, for purchasing drawn textured yarn (DTY) from them, that will be produced under its own brand name. Nakoda plans to export almost 20 to 25 percent of DTY manufactured here, to US and Europe.

Surat Super Yarn Park, is considered to be the biggest DTY park in the country. It is coming up under the Government's initiative to provide state-of-art infrastructure facility to various small and medium sizes enterprises of the nation.

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Trinity Kubassek from Pexels

Textiles | On 19th Aug 2018

Australian wool production to fall 5.7% in 2018-19

Shorn wool production in Australia is likely to fall by 5.7 per cent...

Courtesy: Next Level Apparel

Apparel/Garments | On 19th Aug 2018

Blue Point Capital recapitalises Next Level Apparel

Blue Point Capital Partners has recapitalised Next Level Apparel, a...

Retailers approaching 100% inventory accuracy: Study

Apparel/Garments | On 19th Aug 2018

Retailers approaching 100% inventory accuracy: Study

With computer vision use cases maturing, Artificial Intelligence (AI) ...

Interviews View All

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Headhonchos
Indian textile value chain

'One nation, one tax' is a great concept

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Nitesh Mittal

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

Mohammad Hassan
Biax Fiberfilm

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

Ray Baughman
University of Texas -Dallas

<div>A team of scientists and researchers have discovered twistrons,...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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


August 2018

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

news category


Related Categories:

Advanced Search