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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    Sumeet Industries Ltd

    Sumeet Industries Limited (SIL) was originally promoted as Sumeet Synthetics Pvt. Ltd. in August, 1988 in Ahmedabad by Mr. Shankarlal Somani and his family. It was converted int

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    Super Spinning Mills Ltd

    Super Spinning Mills Limited (SSML) was incorporated in 1962 by Coimbatore-based ELGI group, which has interests in textiles, building materials, compressors, textile machinery,

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    Supersmelt Industries Pvt Ltd

    Supersmelt is a privately held group with diversified business activities that includes manufacturing of Ferro Alloys, Metal Powders, Cotton Yarn and Iron Ore Fines; Trading of

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    Supriya Spinning Mills Pvt Ltd

    Supriya Spinning Mills Pvt Ltd is based in Guntur district of Andhra Pradesh. The company is an International Trading House engaged in manufacturing, trading and exporting of co

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    Suryalakshmi Cotton Mills Ltd

    Suryalakshmi Cotton Mills Ltd has established a state-of-the-art denim manufacturing plant with a capacity of 40 million meters per annum with on going programme of modernisatio

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    Suryalata Spinning Mills Ltd

    Suryalata Spinning Mills produces a very high quality yarn in line of international standards and exporting all range of products i.e., 100% Polyester spun, PV blend and 100% Vi

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    Suryavamshi Cotton Mills Ltd

    Suyralakshmi Cotton Mills was founded by L N Agarwal in 1962 with 6000 spindles to manufacture cotton and blended yarns. The company has grown many fold in 4 decades and has a d