Mumbai-based leading manufacturer of specialty polyester filament yarn, Pioneer Embroideries plans to add 8,000 ton to enhance annual capacity to 26,000 ton. The company will undertake this capacity addition with an investment of Rs 58 crore. Capacity expansion will help the company meet post-COVID increase in demand for these yarns in newer segments such as home textiles and technical textiles.
The new facility will come up on existing factory land and is likely to be operational by FY23. It will enable the company to generate sales revenue of Rs 110 crore through a mix of domestic sales and exports. The current capacity utilization is 95 per cent. The company is focusing on POY-based specialty textile avenues such as flame retardant, automotive, anti-microbial and value-added DTY yarn for non-apparel segments.
