Suryalakshmi has commissioned a fourth spinning mill to produce value-added and premium fancy yarns. The plant in Amravati, a cotton producing hub, will take the total capacity of the mill to 87,000 spindles. The plant includes fully automated, state-of-the art imported spinning technology. The company anticipates annual revenues of Rs 150 crore plus from this plant alone.
Suryalakshmi Cotton Mills is an integrated yarn to garment manufacturing company. With commencement of operations at the new plant, it can significantly cut down its dependence on third-party vendors for procuring yarn, enabling better quality control and increased cost efficiencies.
Due to the location, which is a cotton belt in Maharashtra, the unit has abundant access to high quality raw material and labour. The high value yarns produced in this plant would be used for captive consumption in its denim division. It will enable Suryalakshmi to be in sync with the latest trends in the world of denim and cater to global and domestic fashion demands more effectively.
Founded in 1962, Suryalakshmi manufactures yarn, denim fabric and garments for leading private labels, fashion brands and retail chains in 29 countries across the globe. It is also a leading producer of denim fabric in India with a capacity of 40 million meters per annum.