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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    Soundararaja Mills Ltd

    Soundararaja Mills Ltd was incorporated in the year 1937 and is based in Dindigul in Tamil Nadu. The company is engaged in production of cotton yarn and has four manufacturing u

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    Sowmiya Spinners Pvt Ltd

    Sowmiya Spinners Pvt Ltd the flagship company of the Sowmiya Group, was incorporated in 2002 and promoted by Mr. K.M Chinnadurai and his family. SSPL is engaged in the manufactu

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    Spads Textiles Ltd

    Spads Textiles Ltd incorporated in November 2005 was promoted by Mr. S Ravi Chand, Mr. SVK Prasad, Mr. S Prasanth, Mr. S Rama, Mr. S Shreenivasa Rao, Ms. Jayashree Rao, Ms. S Pa

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    Sree Akkamamba Textiles Ltd

    SATL manufactures medium to fine counts of cotton yarn with an average count ranging from 92?s to 95?s. The company largely caters to the weaving markets in Gujarat, Maharashtra

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    Sree Ananthalakshmi Textiles Pvt Ltd

    SATPL was incorporated in 1982 and is engaged in the manufacture of combed and carded yarn in the finer count range of 60s and above. It has an installed capacity of 32400 spind

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    Sree Karpagambal Mills Ltd

    Sree Karpagambal Mills limited (SKML) was incorporated in 1956 based Rajapalayam, TamilNadu. The company is into manufacture and sale of cotton yarn, spun yarn , polyester yarn

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    Sree Mangayarkarasi Mills Pvt Ltd

    Sree Mangayarkarasi Mills Pvt Ltd is established in 1985 at Paddur, Madurai is engaged in Spinning, weaving and finishing of textiles. Its plant is located at Puliyankulam, near