Karur Sabare International Plans Expansion

Sabare International to expand capacity
A new unit, costing Rs. 90 crore., will come up in Perundurai in Tamil Nadu
Coimbatore: Karur-based Sabare International, a textile-exporting unit, plans to invest Rs. 150 crores towards increasing mainly its processing and bedding production capacities.
Its Chief Executive Officer, S. Susindran, told The Hindu that the additional capacities would be ready for operations by the end of the year. The company, which exports cotton and non-cotton floor coverings, bed sheets, towels, curtains and other home textile goods, already had a processing unit with a capacity of 14 million metres a year.

A new unit will come up in Perundurai at a cost of Rs. 90 crore. A bedding plant would be set up at the existing facility of the company at Karur at a cost of Rs. 30 crore. The floor-covering unit at Panipet would be expanded at a cost of Rs. 30 crore. The investments would increase the product range offered by Sabare.

"Earlier, we were supplying to a number of small and medium-scale buyers. But, during the last six years, the focus is on aligning with end retailers. We now supply to 12 retailers. This will go up to 25 eventually," said Mr. Susindran.

The 14-year-old company is aiming at an annual turnover of Rs. 1,000 crore by 2010. It had manufacturing facilities in Panipet and Alappuazh for floor coverings. "Sabare wants to be a one-stop shop for home textiles," he added. With a sourcing office in China already, the company was considering a manufacturing facility there mainly for bedding production.

Mr. Susindran explained that a global retailer would go to a place that was competitive to source his needs. In some of the non-cotton segments, the price of Indian fabric was nearly 25 per cent higher than the Chinese price. Hence, it would be competitive to set up a manufacturing facility in China. The immediate focus was on consolidating the company's facilities in India, he said.

Source:The Hindu

Coimbatore NTC mills plans export to Europe

Revived Coimbatore NTC mills to export yarns to Europe
The two of export-oriented mills of National Textile Corporation (NTC) mills which are in process to export yarn and cloth to European and American markets are undertaking trial run on the newly-installed machines, industry sources said.

Shortly, the only shortlisted mill in Gujarat for modernisation, the Ahmedabad-based Rajnagar Textile Mills will begin commissioning of new equipment.
Sources added that of the 22 mills that will undergo Rs 530-crore modernisation, trial run has begun in the Coimbatore Murugan Mills (CMM) and the Alagappa Textile Mills (ATM) and soon, the units could vie for export orders.

However, the NTC will pump in Rs 1,529.12 lakh for modernisation of ATM, while Rs 1,162.98 lakh will be invested for modernising CMM.

The trail running of ring frames purchased from M/s CTMTC, China in Coimbatore Murugan Mills ( CMM ) and Alagappa Textile Mills (ATM) have been done.

While two machines in CMM have already started producing yarns, ATM will begin production and could expect orders from European market for high-end products.
Source: Agencies.

Guinness entrant Mayil thogai saree on sale!

Coimbatore:

Mayil thogai saree is about to make India proud by entering the Guinness book of records.The saree, which costs around Rs40,000, was designed and created in just 25 days by a group of 15 weavers of the Sirumugai Pudur Sri Ramalinga Sowdeswari Weavers Cooperative society in Coimbatore district.

The Tamilnadu Handloom Weavers' Co-operative Society, knownas Co-optex will be taking up orders for the purchase of the Mayil thogai saree, which was introduced in the market on December 22 by Chief Minister of Tamil Nadu. A model saree would be kept for display from December 25 to 29.

Source: Fibre2Fashion