Sangam (India), one of the largest polyester-viscose dyed yarn manufacturer in India, announced that company plans to double its denim production from 8.00 million metrics tonnes to 16 million metric tonnes by setting up additional line.
As part of its strategy, Sangam (India) plans manufacture various value-added denim products. The Rs 35-crore expansion plan will be financed through internal accruals. In FY09, the company had completed its Rs 650 crore major expansion plan by adding 1.29 lakh spindles, 130 weaving machines, setting up of 21MW power plant and modernising of process house.
Commenting on company's financial performance, Mr R P Soni, Chairman, said “Expansion into value-added denim products will increase our presence all major segments in the industry and emerge as one shop producers for both domestic and international markets.
Meanwhile, the company has also witnessed a significant improvement in it's order-book position. As on March 31, 2010, company's order book position stood at Rs 170 crore, including export order of Rs 60 crore.
Promoted by first-generation entrepreneurs R P Soni and S N Modani, Sangam (India) is one of the largest manufacturer of polyester dyed yarn in the country.
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