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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    Sakthi Spintex Pvt Ltd

    Sakthi Spintex Pvt Ltd was incorporated in 2002 to manufacture cotton yarn. The company's registered office is located at Rajapalayam, Tamil Nadu and the manufacturing unit is l

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    Sambandam Spinning Mills Ltd

    Sambandam Spinning Mills Ltd (SSML) was incorporated in 1973 as a private limited company and converted into a public limited company in 1994. The company is mainly into manufac

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    Saravana Textiles Pvt Ltd

    ?Saravana Textiles Pvt.Ltd. Was incorporated in 1982. The company is engaged in manufacturing yarn of 20s and 40s counts with an installed capacity of 16728 spindles. Mr.Venkat

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    Sarla Performance Fibers Ltd

    Sarla Performance Fibers Ltd. (formerly Sarla Polyester Ltd) had commenced operations by Mr. Krishna Jhunjhunwala in 1995 as a 100% Export Oriented Unit (EOU) manufacturing Poly

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    SEL Manufacturing Ltd

    SEL commenced operations in 1969 is a leading vertically integrated textile conglomerate having a turnover of over INR 2300 crore. SEL is operating in various textile sub-segmen

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    Senthil Spinners Pvt Ltd

    Senthil Spinners Pvt Ltd was incorporated in 1980 at Dindigul, Tamil Nadu and has a capacity of 12,624 spindles for manufacturing cotton yarn in the 40s - 60s count combed range

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    Shabnam Petrofils Pvt Ltd

    Shabnam Petrofils Pvt. Ltd. (SPPL) incorporated in the year 2002 is engaged in manufacturing of polyester yarn and grey fabric in Surat, Gujarat. Earlier Shabnam Group began m

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    Sharmanji Yarns Pvt Ltd

    Sharmanji Yarns Pvt Ltd was incorporated in 2002 in Ludhiana and was promoted by Mr. Jatinder Kumar Jain and members of the Jain family. The company is engaged in manufacture of