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The Textile Magazine
JUNE 2012
corporate news
As a part of the expansion plan,
the company has set up two lines
of denim for 8 million each. The
first line commenced production
in November 2011, while the
second line was commissioned
very recently. The company has
installed 2,304 rotters for open-
ended spinning along with 3,000
mtpa knitting capacity and 7,200
mtpa texturizing yarn capacity at
its existing facilities at Bhilwara in
Rajasthan. The company has also
modernised its processing divi-
sion by replacing new processing
machines.
The Rs. 180-crore expansion
project was financed through a mix
term loan and internal accruals.
Commenting on the develop-
ment, Mr. R.P. Soni, Chairman,
Sangam (India), said: “With the
completion of this expansion
project, we plan to launch special
fancy denim and enter high value-
added products like cotton lycra,
which offer better realisation and
have a high demand. Going for-
ward, the new capacity expansion
will help the company to generate
additional revenues in excess of
Rs. 300 crores annually.”
Financial performance
For the financial year ended
March 31, 2012, Sangam reg-
istered a 20.97 per cent rise in
Sangam (India), a leading polyester-viscose dyed yarn manufacturer,
has announced completion of its Rs. 180-crore expansion project
to double its denim capacity to 32 million metres, following the
commissioning of its second denim line of 8 metres.