Garden Silk Mills Ltd., one of India’s leading man-made fibre-based textile companies, is a vertically integrated manufacturer of a wide range of polyester chips, polyester filament yarns (PFY), preparatory yarns, woven (grey) fabric as well as dyed and printed sarees and dress materials.
The company’s standalone gross sales for 2016-17 was higher at Rs. 2,645.74 crores as compared to Rs. 2,567.31 crores the previous year. The company emphasis on increased product differentiation, along with better operational efficiencies, improved utilisation, timely exports and careful working capital management has helped it to remain highly competitive and improve profitability at the operating level.
Garden is in the process of identifying high-quality yarn producers who have idle capacities which can use to expand the market for its products, say, through a job-work relationship. The company appears well positioned in its specialty chip, yarn and fabric businesses. The emphasis is on expanding its market share in differentiated products and continuing to improve its ability to support individual customers’ needs.
Garden has emerged as a leader in specialty chips for the polyester film industry as well as in cationic, fine denier, melange, mother yarn, nylon and spandex-based yarns. It has achieved very high performance levels in its polymerization plants leading to historically low heating costs and the highest first quality percentage on record. Despite constantly challenging the yarn divisions with new products to be optimized, efficiency levels were very high at all its spinning and processed yarn divisions during FY17. The cost of power and fuel was reduced on account of slightly lower coal prices as compared to the previous year and improvements made in the thermic-fluid heating systems.