>>
Home / Knowledge / News / Textiles / 'Rest of 2009 expected to be positive' – CEO, KG Denim

'Rest of 2009 expected to be positive' – CEO, KG Denim

16
Jun '09
The denim industry in India took off after the nineties. Major textile manufacturers like Arvind Mills, KG Denims, Aarvee Denims, Malwa Cotton and Century Textiles etc set up big capacities of the fabric in India, on the back of an increasing global and domestic demand for the fabric. But the economic crisis which has affected the textile sector deeply may also have affected the denim industry. Fibre2fashion in its quest to know the impact on this vital sector, which is the single largest export product category from the textiles sector, spoke to Mr Balkrishna CEO, KG Denim Ltd.

KG Denim is a premier denim and apparel fabric manufacturer, whose products are well sought after by leading jeanswear makers, fashion brands and retailers worldwide and is part of a textile group having annual turnover of US $150 million. The company manufactures; 24 million meters of denim fabrics, 12 million meters of cotton fabrics, 2 million equivalent sheet sets of made-ups and 3 million units' of jeans & trousers.

We began by asking him as to how big is the impact of the crisis on the denim industry in India, to which Mr Balkrishna said, “The whole of last year had gone with the recession which affected the denim industry badly thereby reducing the fabric sales. The mills were under utilized for most of the period last year and the trend has continued till March 2009”.

Next we asked to let us know the steps they have taken to reduce this impact, to which he replied by saying, “Have worked out strategy to balance the product mix covering both domestic and international market as well as reducing the expenses at both production and administration fronts have helped us to an extent”.

Next we asked him to gaze through a crystal globe and asked him to foresee the rest of 2009, to which he projected by saying, “The rest of the year is expected to be positive and on the upward trend as the sales is expected to go higher in both the domestic and overseas markets. The domestic market has already picked up the tempo and we are expecting a good demand from the brands and exporters across India for the next four months. The overseas market too has opened up and the orders have started coming in and we expect this trend to continue through the whole of this year”.

To conclude the interview we asked him to please let us know their product mix and export markets, to which he divulged details by saying, “We have a strong presence in the European market and are servicing buyers based in Spain, U.K., Italy, France, Belgium, The Netherlands, Germany and Turkey and we are also supplying fabrics to the major production centers like Turkey, Egypt, Tunisia, Bangladesh, Sri Lanka and Hong Kong/China”

“We also have our fabrics nominated with buyers in USA who have fabrics shipped to North Africa and FarEast for production. Our product range covers fabrics in 100% cotton, T400 stretch, Power stretch, Cotton/Poly denims and various finishes namely Resin, Aqua finish, Jawa finish and Tyrex finish in colors Pure Indigo, Baby Blues, Medium and Dark Grey, Vintage Green and Brown”, he concluded by saying.

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock.com

Textiles | On 24th Jan 2022

World economy to lose $12.5 trn in output by 2024 due to COVID: IMF

The world economy will lose $12.5 trillion in output by 2024 due to...

Pic: Karin59 | Dreamstime.com

Textiles | On 24th Jan 2022

Investor confidence in Germany rises in Jan despite supply crunch

Investor confidence in Germany rose in January, say recent figures,...

Pic: Nikolay Antonov | Dreamstime.com

Textiles | On 24th Jan 2022

People's Bank of China cuts benchmark lending rates

China’s central bank has cut the benchmark lending rate of loan prime ...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Trainers faced immense challenges as most were not tech-savvy

Textile Industry, Head honchos

Textile Industry
Head honchos

Extension of RoSCTL to boost textile exports

Florian Heubrandner, Lenzing AG

Florian Heubrandner
Lenzing AG

Sustainable and eco-friendly fibres remain in the minority

Ilker Hacioglu,

Ilker Hacioglu

Founded by three partners of French origin in 1988, LC Waikiki started its ...

Mohammad Ali Khokon,

Mohammad Ali Khokon

<div>The Bangladesh Textile Mills Association (BTMA) is the national trade ...

Amelia Adey,

Amelia Adey

The KOOKAI Australia and New Zealand story began in 1992 when Parisian...

Kevin Young & Tom Lucas, Web Industries

Kevin Young & Tom Lucas
Web Industries

Web Industries is a precision formatter of nonwoven materials used in baby ...

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...

Dr Anup Rakshit, ITTA

Dr Anup Rakshit
ITTA

The Indian Technical Textile Association (ITTA) is the only association of ...

Payal Singhal, Label - Payal Singhal

Payal Singhal
Label - Payal Singhal

Leading South Asian fashion designer, <b>Payal Singhal </b>known for her...

Seema Gujral, Label Seema Gujral

Seema Gujral
Label Seema Gujral

<b>Seema Gujral</b>'s designs for her eponymous label revolve around...

Sujata & Taniya Biswas, Suta

Sujata & Taniya Biswas
Suta

Founded by <b>Sujata and Taniya Biswas</b>, Suta is a humble brand which...

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

ESTEEMED CLIENTS

TESCO INTERNATIONAL SOURCING LIMITED
Hela Clothing Pvt Ltd
Walmart
PVH Corporation
Tommy Hilfiger
Sateri (Jiujiang) Fiber Co.,Ltd
Lisa S.P.A.
Alison Hayes Romania
J ;& P Coats
Maceton Limited
Grasim Industries Limited
Lifestyle
Huntsman (Singapore) Pte Ltd
Under Armour Global Sourcing Ltd
Landmark Group
SYNERGIES HONG KONG LIMITED
Sportswear Company Spa
Alix Partners
Page Industries Limited (Bangalore)
KIABI
OVS Hong Kong Sourcing Ltd.
Splash
Hirdaramani International Export Private Limited
IDH – The Sustainable Trade Initiative
G-Star Raw C.V.
Etam Group Strategy Hong Kong Limited
Phong Phu international JSC (PPJ)
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
Cat Tuong Real Estate Group Joint Stock Company
Chico’ FAS
Lenzing Aktiengesellschaft
Eastman Chemical Company
Bluestem Global Sourcing Limited
Guess Europe Sagl,
T.T. Limited
Aquarelle Clothing Limited
The Top Form Brassiere Manufacturing Company Limited
Varner AS Retail
John Varvatos
Desigual - ABASIC, S.A.
International Textile Manufacturers Federation
Tory Burch Hong Kong Ltd
Reiter India Private Limited
Permoda(Koaj/Armi/Pronto/Bkul)
LC Waikiki
Green Fibre
Sainsbury's Argos Asia Limited
IKEA of Sweden AB
Aramark Uniform ;& Career Apparel, LLC
MAS Active / MAS Kreeda / MAS Bodyline
Recron Polyester from Reliance Industries Limited
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
Brandix Lanka Limited
Seasalt Limited
Benetton Group
Amazon China
BIANCA
Abit
SHAHI Exports Pvt Ltd
Truetzschler India Private Limited
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Esprit Europe Services GmbH
Boardriders Asia Sourcing Limited
THE BOMBAY DYEING ;& MFG.CO. LTD
Chori Company Limited
Lacoste (Wanchai)
The LYCRA Company Singapore  Pte. Ltd
Arvind Limited
Rayonese Textile Inc., Division de Culp Inc.
Lululemon Athletica Inc
Vianney Textil Hogar S.A. De C.V.
Midas Clothing Limited
Helly Hansen Far East Ltd
Vardhman Textile Ltd
Puma
Groz-Beckert East Asia LLP
Calvin Klein
Gatsby Africa
Target Corporation (MN)
Rosset ;& Cia Limited
Gap International Sourcing Limited
Tchibo GmbH
Gloria Jeans
Gokaldas Exports Limited
Sportmaster Ltd.
Asos
H;&M Hennes ;& Mauritz (Far East) Ltd
Decathlon
Restoque S.A.
BIMBA ;& LOLA SL

January 2022

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


Advanced Search