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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    CAV Cotton Mills Pvt Ltd

    C.A.V Cotton Mills Private limited, incorporated in 1986 at Coimbatore, is engaged in manufacturing of cotton yarn. CCMPL manufactures 100% cotton yarn in the count range of 30s

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    Century Textiles and Industries Ltd

    Century Rayon 's paper unit was established in 1984 at Lalkua, near Nainital in the state of Uttarakhand. Its second paper unit, based on bagasse manufacturing, is adjacent to t

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    Chenniappa Yarn Spinners Pvt Ltd

    Chenniyappa Yarn Spinners Pvt. Ltd. was incorporated during February 2005 at Tirupur by and the commercial operations commenced in the year 2007. CYSPL is a manufacturer, export

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    Cheran Spinner Ltd

    CSPL (formerly Cheran Spinner Limited, ?CSL?) was promoted by Mr R Pongianna Gounder in 1989 along with Best Cheran Spintex India Limited (BCSIL) as a part of Cheran Group. Sinc