Nahar Spinning Mills Ltd.’s expansion plan of 90,000 spindles is progressing as per schedule. The company has already installed 56,640 spindles and 360 rotors till July 30, 2011. After expansion, which is due for completion by December end, the overall capacity will increase to 4.36 lakh spindles and 1,080 rotors. The company has positioned itself as one of the leading integrated textile players to reap the benefits of economies of scale and become globally competitive in terms of cost and quality.
In 2010-11, the company put up a splendid performance achieving an operating income of Rs. 1,391.52 crores (net), showing an increase of 25.31 per cent over the previous year. Likewise, exports at Rs. 975.09 crores are also up by 33.36 per cent over the previous year. The company substantially improved its performance and earned a net profit of Rs. 119.72 crores, representing an increase of 123.82 per cent.
The yarn segment performed exceedingly well. The recovery in the US, European and Asian economies, coupled with higher export realization, enabled the segment to achieve a revenue of Rs. 1,275.28 crores, showing an increase of 29.03 per cent over the previous year. The segment could have further improved its performance had the Government not imposed a cap on export of cotton yarn at 720 million kg. on November 30, 2010, for the financial year ended March 31, 2011.
Nahar’s R&D efforts are focused not only on productivity and quality improvement with waste reduction but also on developing value-added products like multi slub yarn, multi count with multi slub yarn and multi twist yarn, 100 per cent organic cotton & organic cotton blends, mélange yarn in different shades and blends for international and domestic markets.
The company has the latest online and offline testing and monitoring equipments from world renowned manufacturers to maintain product consistency both on raw material as well as finished products.
The company is in the process of replacing the existing machines with latest and advanced ones. It has already installed compact spinning ring frames for better quality yarns. Also “Loptex” and “C.V.T. – 3” machines installed in blow room for removal of foreign contaminations and installation of Uster Quantum, the latest series yarn clearer to further improve yarn quality.
Autoconer machines are under gradual replacement with latest advanced technology machines to improve quality of final yarn and equipped with latest generation of yarn clearer system.
Nahar has installed Uster Tester-5, Uster Quantum Classimat & Uster Quantum Clearer-2 from Uster Technologies, Switzerland. It has also installed Neps & Trash indicator from Mesdan, Italy. In order to improve the working environment, the company has installed the latest humidification plant from Luwa and the new generation contamination sorter VISION SHIELD from JOSSI, Switzerland.
Nahar Spinning has also installed new cards “LC-333”, Combers “LK-54”, Lap former “LH-10” and 20 latest LR6 AX ring frames (equipped with auto doffing) from LMW. The company has set up 6 Autoconers of SAVIO ORION & 5 Autoconers of SCHLAFHORST – 338. The company has further set up continuous waste collection system from Batliboi Ltd. In carding section (DK-740 Cards), it has increased the capacity of multi slub yarn from 3 ring frames to 6 ring frames.
Contamination scanners for removal of coloured contaminations and also white polyethylene / polypropylene have been installed in all blow room lines. The autoleveller in Rieter’s draw frames are being replaced with the latest AC Drive from the present DC Drive autolevellers for better quality performance.
In existing speed frames the drafting system is being modernised by replacing the old with latest 5025 Drafting from Texparts, Germany. Fully automatic cots buffing machine installed for consistent and improved quality with better life.
With these efforts, the company will enjoy the benefit of improved quality, productivity and saving in manufacturing costs. The company will project its image in the world market as a manufacturer of world class yarn and achieve an excellent share of world market.
In line with the global trends and to remain competitive, Nahar Spinning went in for expansion of its capacities both in yarns and garments.