Suryalakshmi Cotton Mills denim plant at Ramtek near Nagpur, Maharashtra which is equipped with the state of the art machines to produce world class having a capacity to produce 40 million meters of denim per annum has suspended production operations due to labour unrest.
The Company is negotiating with the Workers Union and is reasonably confident of settling the issue at an early date. The Company shall inform the Stock Exchange immediately on restoration of the denim operations in Nagpur .
The denim plant ranks among the best in the world. The blow room line, cards and drawframes are from Trutzschler, Autocore open end are of schalafhorst.
The Company has the capability to make both Rope Dyed as well as Sheet Dyed Denims. With both Open End spinning as well as Ring spinning systems In-House, the product range boasts of 100% Ring, Ring X OE, 100% OE Denim to suit the market needs. Both in Rigid & Stretch, Special finishing like flat finish, Coated, Mercerised etc. .
At Suryalakshmi they always craft the quality. In the most diversified product range each individual fabric is being closely monitored with online process control systems at almost every stage of manufacturing.
The company offers over 100 products at any given time a full-fledged product development Lab enables the company to stay abreast with fashion and come out with a new range every season.
Suryalakshmi Cotton Mills is also setting up a spinning unit with a capacity of 26,000 spindles near Nagpur. This will add to the already installed capacity of 61,008 spindles. The commercial operational date (COD) for the unit will be in October this year, according to its managing director Paritosh K Agarwal.
The unit coming up near Nagpur will manufacture value added and fancy yarns such as ring, lycra, slub and compact. The Rs 131 crore capacity expansion is funded by long-term loans of Rs 95 crore and the remainder through equity and internal accruals.
It has a network of associates for the US market and has opened a market consultancy for Europe. Suryalakshmi counts Levis, Wrangler, Polo RL, DKNY, JC Penney, Walmart, Jones, UFO, Perry Ellis, Next, Marks and Spencers, C&A, Zara, George, Burtons and others as its clients across segments. It is partnering with Aditya Birla Nuvo, Landmark Group and others for sustainable business.
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