SPINNING

GHCL further strengthens yarn manufacturing capacity

Forays into knitting segment GHCL manufactures high-quality yarns adhering to global standards and international best practices. The company has 1.85 Lakh ring spindles, 3320 rotors, 5760 TFO spindles and 5 Airjet Spinning (480 positions) based at Paravai in Madurai District and at Manaparai in Tiruchirapalli District in the state of Tamil Nadu. GHCL Limited is […]

Corporate News SPINNING

Arihant Spinning Mills Setting newer benchmarks in specialty yarns

Arihant Spinning Mills (ASM) is a flagship spinning unit of Vardhman Group located in Malerkotla, Punjab. It was established in the year 1981 with an installed capacity of 25,000 spindles and at present has 94,512 ring spindles along with compaction and 400 vortex drums. The unit specializes in melange yarns, and is a state-of-the-art facility […]

EXPANSION SPINNING

BSL to invest Rs. 150 crores in spinning and weaving capacity expansion

Bhilwara based leading textile company BSL LTD. has signed an MoU with the Department of Industries and Commerce, Government of Rajasthan. Under this MoU, the Company will invest over Rs. 150.00 crores to expand its manufacturing facilities in Bhilwara. This MoU would be implemented within 2 years and would generate employment for 800 people through […]

SPINNING

Saurer sells Accotex, Temco and Autoconer businesses to Rieter

Saurer Intelligent Technology Co. Ltd (listed in Shanghai, China) and Rieter Holding AG (Winterthur, Switzerland) signed an agreement with Rieter to acquire the Accotex and Temco businesses from Saurer Technologies GmbH & Co. KG and the Autoconer machine business from Saurer Spinning Solutions GmbH & Co. KG. with a purchase price of EUR 300 million. […]

SPINNING

SVP Global subsidiary commences commercial operations at its Textile plant in Oman; Invests USD 150 million

SVP Global subsidiary, SV Pittie Sohar Textiles (FZC), has set up 1.5 lakh spindles and 3,500 rotors facility; It will boost the overall revenue of the Company Highlights:- The COD of Oman Plant is expected to contribute in revenue to SVP Group from Sep 2021 Expansion in Oman offers strategic, operational and logistics benefits including […]

SPINNING

Rieter Acquires Three Businesses from Saurer

Investment to complete Rieter’s ring- and compact spinning systems and in two attractive component businesses Schlafhorst automatic winder as well as Accotex and Temco will be transferred from Saurer to Rieter Closing expected during the month of August, implementation to be completed in six to nine months Changes in the Rieter Board of Directors Rieter […]