Kerala state government’s expert committee headed by P. Nandakumar, comprising, among others, M.P. Sukumaran Nair, chairman, Public Sector Restructuring and Internal Audit Board, has recommended one time fund infusion of Rs. 494.81 crore, Rs. 317.89 crore for capital investment, and Rs. 176.93 crore as working capital for revival of 17 mills in the State with a sustainable development and modernization strategy.
Kerala state government’s expert committee headed by P. Nandakumar, comprising, among others, M.P. Sukumaran Nair, chairman, Public Sector Restructuring and Internal Audit Board, has recommended one time fund infusion of Rs. 494.81 crore, Rs. 317.89 crore for capital investment, and Rs. 176.93 crore as working capital for revival of 17 mills in the State with a sustainable development and modernization strategy.
M/s Avgol India, a leader in global hygiene market with the most comprehensive range of ultra lightweight spun-melt non-woven fabrics with capital investment of Rs 223 crore will be setting up a non-woven fabric unit in industrial area in neighbouring Mandideep.
M/s Avgol India, a leader in global hygiene market with the most comprehensive range of ultra lightweight spun-melt non-woven fabrics with capital investment of Rs 223 crore will be setting up a non-woven fabric unit in industrial area in neighbouring Mandideep.
A rebate will be provided to M/s Avgol India on project proposal as per the Industrial Policy for setting up non-woven fabric unit. This was decided in a Cabinet committee meeting chaired by Chief Minister Shivraj Singh Chouhan yesterday, on investment promotion, an official of the Public Relation Department said.
Standard Textile Co. Inc. based in Cincinnati is a vertically integrated company and a leading global provider of end-to-end solutions for the institutional textile and apparel markets as part of its expansion plan has recently announced capital investment of $5 million to expand its Union, S.C., facility by 39,000 square feet.
Standard Textile Co. Inc. based in Cincinnati is a vertically integrated company and a leading global provider of end-to-end solutions for the institutional textile and apparel markets as part of its expansion plan has recently announced capital investment of $5 million to expand its Union, S.C., facility by 39,000 square feet.
The expansion will add additional terry towel finishing capacity, as well as bring opportunities and allow new partnerships for the company’s yarn spinning, yarn preparation and weaving processes. The expansion will lead to creating thirty-five new jobs.
Technical Fibre Products (TFP), a leading manufacturer of advanced nonwovens, has announced plans to double the company’s current production capacity through the installation of a state of the art third manufacturing line. This planned capacity expansion will constitute a significant capital investment to develop and install the new state of the art forming line.
The line will be based on the current proprietary wet-laid technology, as used on the existing machines, to ensure the continued guarantee of the highest quality nonwovens. The new machine will be engineered to extend production capability beyond the current constraints; a key modification will be an increase in production width to over two metres.
This significant financial investment comes in response to increasing demand for their innovative nonwovens across all markets.
