Shri Govindaraja Textiles will start a yarn manufacturing operation in North Carolina with an investment of $40 million over the next three years. The unit will create 84 jobs. Located in a 1,80,000 sq. ft. building, it will buy North Carolina cotton and produce combed yarn.
Incorporated in 1999, Shri Govindaraja Textiles is part of the Shri Govindaraja Group, which is a part of the larger Sri Jayavilas group. It is one of the largest spinning groups in India, with 1.1 million spindles and 30,000 employees. The main activity is manufacturing of cotton yarn, polyester yarn, polyester cotton and polyester viscose blended yarn. With 504 rotors, it has grown to four lakh spindles and 8,000 rotors. It produces 100 per cent grey cotton ring spun and open end yarns for weaving and knitting.
The company specializes in 100 per cent grey cotton yarn ranging from 2s to 160s counts with over 60 per cent of yarn revenues derived from the fine/superfine count (60s and above counts) category. The company also has a good presence in the value-added domain through products such as gassed, high-twisted and compact spun yarn.
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