Century Enka has announced capital investment of Rs. 309 Crs to strengthen its competitive position in tyre reinforcement market through modernisation of plant and augmenting capacity by 30%. An additional Rs. 23 Crs will be invested to increase the capacity of draw texturised yarn and mother yarn. The Company is also making efforts to develop export market for Nylon Filament Yarn (NFY) made from Green Polymer.
To improve margins and to reduce competitive intensity, Century Enka plans to increase its capacity of Draw Texturing to add value to Partially Oriented Yarn (POY). The Company is also making efforts to develop export market for NFY made from Green Polymer.
Established in the year 1965, Century Enka Limited produces Nylon Tyre Cord Fabric (NTCF) for the tyre industry, High Tenacity Yarn (HTY) for technical textiles and Nylon Filament Yarn (NFY) for the apparel industry. The Company is the largest producer of nylon yarn in India and quality leader in all the product categories. The Company’s two manufacturing facilities, one at Pune (Maharashtra) and the other at Bharuch (Gujarat), run on the best-in-class technologies.
NTCF is used as reinforcement material in Bias/Cross ply tyres, which are primarily used in truck, bus, two – three wheelers, and off-the-road (OTR) vehicles used for mining, forestry, farming, heavy earth moving. Century Enka enjoys good standing with almost all the reputable tyre companies in India. The Company benchmarks its products with the best international counterparts and improves its products continuously. The Company is also working with the customers to develop products for import substitution and increasing its share in value-added products.