Yarns Threads

Punjab Government reduces VAT rates for yarn

Punjab Government has issued a notification which reduces VAT rate on yarn. The state government announced reduction in VAT rates on all kinds of yarn, except polyester filament, from 6.5 per cent to 3.63 per cent. The rates will come to effect from April 1, 2016. The Punjab Spinners Association (PSA) has expressed relief at the notification. It said that the reduction in the rate of VAT would help ailing spinning mills to recover.
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Synthetic yarn industry faces rough waters

With China's economy is charting untested waters, it had already begun reducing its yarn import from India. Indian yarn production has gone down 40% in the year 2015. Globally, yarn demand has fallen around 60% according to industry sources. However, as a silver lining, the industry would have bottomed out as its competitiveness against cotton yarns is rising with increase in price of cotton. Prices of major raw materials like purified terephthalic acid (PTA) and mono-ethylene glycol (MEG) have also touched multi-year lows on account of lower crude prices. Overall, synthetic yarn industry is to face rough waters in the year 2016
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Indian mills modernization brings edge in world trade

Indian Spinning Industry is the most modern and efficient in the world. With 47 Million Spindles and 0.75 Mn Open-End Rotors, India has the world?s second largest spinning capacity, commanding a share of the global Cotton Yarn market . It is currently producing over 4700 million kgs of spun yarn of which over 3,400 Mn.Kgs is cotton yarn. Cotton Yarn accounts for nearly 73% of total spun yarn production. India produces a comprehensive range of yarns for every conceivable end use ? non-spun or open-end; combed or carded, basic, compact, mélange or fancy. India?s 1943 spinning mills produce them all for requirements ranging from a fine 200 count to a coarse 2 count. With more companies modernizing their mills with state-of-the-art technology, Indian cotton yarn markets is set to boost its
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    Patspin India Ltd

    Patspin has been promoted by GTN Textiles Ltd and the project is being implemented in financial joint venture with M/s. Itochu Corp, Japan and Kerala State Industrial Developmen

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    Pee Vee Textiles Ltd

    Pee Vee Textiles has commissioned a grey fabric manufacturing unit in Samudrapur in Maharashtra in April 2016.

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    Perfect Filaments Ltd

    Perfect Filaments Limited was incorporated on 1994 and merged Kruti Polyesters Pvt. Ltd. into Perfect Filaments Private Limited in 2007-08. Today they have 28 Texturising Machin

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    Phenix Spinning Pvt Ltd

    Phenix Spinning Pvt. Ltd. incorporated on 18th February 2014, with the objective of being in the cotton yarn spinning business. It has proposed to set up a cotton ginning and ya

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    PKPN Spinning mills Pvt Ltd

    PKPN Spinning Mills Pvt Ltd was incorporated in 1981 at Erode, Tamil Nadu. The company manufactures different kinds of yarn ? Viscose Yarn, Flax Yarn, Bamboo Yarn, Polyester yar

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    Platinum Synthetics Pvt Ltd

    Platinum Synthetics Pvt. Ltd.,commenced operations in 2003 is catering to the needs of yarn of various industries all across the world. They are supplier of Polyester Yarn (POY)

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    Platinum Textiles Ltd

    Platinum Textiles is the flagship company of ShriVallabh Pittie Group, is primarily engaged in the business of spinning, manufacturing & selling of polyester and cotton blended

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    Polygenta Technologies Ltd

    Polygenta Technologies Ltd has the capacity to produce 30,000 MTs per annum of polyester filament yarn. The company has the proprietary technology to manufacture polyester filam