Garden Silk Mills expands polyester yarn capacity

Surat-based Garden Silk Mills Ltd., known for its 'Garden Vareli' brand of polyester sarees, has expanded its polyester chips and polyester yarn manufacturing capacity. The company has successfully expanded production capacity for polyester chips, partially oriented yarn (POY) and polyester textured yarn (PTY) by 10-15 per cent.

Moreover, in a bid to leverage the capacity addition, the company is looking at newer export markets like Latin America and Egypt. Refusing to divulge the investment details, a company official of Garden Silk Mills said, "While we had doubled our production capacity sometime back, we were still not catering to all the segments in polyester chips and polyester yarn. Therefore, we have expanded the capacity again by 10-15 per cent."

 

Post expansion, Garden Silk Mills' existing capacity is now around 1,800 tonnes per day for polyester chips, and 1800 tonnes per day for yarn. In last couple of years, the textile company has twice expanded its manufacturing capacity for polyester chips and polyester yarn. Earlier, the company had doubled its capacity for the same products.

"The expansion is driven by the need to cater to all segments of polyester chips in the domestic market and abroad, Moreover, Garden Silk Mills is looking to tap fresh export markets like Latin America, Egypt, Europe and China," the official added.

However, while Garden Silk Mills is looking at newer markets for exports like Latin America, Egypt, Europe and China where the company is witnessing a rise in demand, it is also facing some tough competition from countries like Taiwan and Korea. Apart from chips and yarn, Garden Silk Mills also manufactures filament yarn. Garden Silk Mills runs around 37,000 texturising machines from its two plants, one each at Vareli and Jolwa.