Suryalata Spinning Mills plans capacity expansion
Retail Editor 8 -- Home Textiles Today, October 6, 2010
Hyderabad, India - Suryalata Spinning Mills Limited is increasing the capacity of its blended yarn spinning to 200,000 spindles over the next two years.
The 27-year-old company, which is listed on the Bombay Stock Exchange, manufactures polyester, viscose and poly/viscose blend yarns.
As a first step, Suryalata Spinning is launching a new bay of manufacturing line with 35000 spindles at Urukondapet, near Hyderabad. The company is also setting up a coal-based power plant for captive consumption, which would improve cost efficiencies and margins.
Suryalata Spinning has added 4,2888 spindles over past five years.
"In India, present yarn consumption pattern is 60% cotton and 40% synthetic and in the world it is vice versa i.e., 40% cotton and 60% synthetic," said joint managing director M.K.Agarwal. "Consumption of synthetic yarn is increasing in India and expecting in line to world consumption pattern in the years to come."