Suryalata Spinning Mills plans capacity expansion
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.
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."