Sangam India targets to double its denim production
Sangam India, one of the largest polyester-viscose dyed yarn manufacturers, announced that the company plans to double its denim production from 8 million metric tonne to 16 million metric tonne by se
April 14, 2010 | comments ( 0 ) |
Sangam India, one of the largest polyester-viscose dyed yarn manufacturers, announced that the company plans to double its denim production from 8 million metric tonne to 16 million metric tonne by setting up an additional line in the next 6-7 months.
The company will invest Rs 35-crore for expansion, which will be financed through internal accruals, according to a company release.
“This expansion into value-added denim products will increase our presence in all major segments of the industry and help us emerge as a one-shop producer for both domestic and international markets,” said R P Soni, chairman at Sangam India.
In FY 09, the company had completed its Rs 650 crore major expansion plan by adding 1.29 lakh spindles, 130 weaving machines and setting up of 21 MW power plant.
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