Nakoda Ltd. is one of the prominent players in the polyester filament yarn industry. Engaged initially in trading of textiles, the company established its own texturising plant at Silvassa in Dadra & Nagar Haveli in 1986. Started with an initial capacity of texturising and twisting 708 mtpa and 525 mtpa respectively, the company expanded the overall capacity to 2658 mtpa by adding new texturising machines.
With the completion of its ongoing backward integration and expansion at a capital outlay of Rs. 3.33 billion, Nakoda has achieved a capacity of 1,40,000 mtpa.
The company is setting up a 2,80,000 mtpa plant comprising continuous polymerization (CP) and direct melt spinning for manufacturing POY and FDY in the denier range of 30 to 500 having 12 to 578 filaments in bright, semi-dull, full-dull, cationic and Lope-dyed yarns. It is also expanding its POY and FDY manufacturing capacity at its Surat plant.
Post expansion, the total capacity of the plant in the next three years will be 4,20,000 MTPA as against 1,40,000 at present.
“A greenfield land of around 60 acres acquired near our existing plant for the expansion. We hope to achieve financial closure for the projected cost of Rs. 1,700 crores. Our turnover for the fiscal year 2012-13 is around Rs. 2,600 crores, and post expansion, we are looking to cross $1 billion mark, i.e., Rs. 6,000 crores approximately”, says Mr. B.G. Jain, Chairman and Managing Director, Nakoda Ltd.
After the completion of the expansion project, Nakoda will be in a position to cater to the domestic and international market demand for the entire range of polyester yarns. The company has already begun to tap the markets in Latin America and Europe.
According to Mr. Jain, 10-15 per cent of the company’s business revenue now comes from the technical textile segment. Post expansion, 40 per cent of the business is expected from technical textiles and the rest from generic textiles.