arvind enters nonwoven fabric segment, eyes rs100 crore in 3 years | ahmedabad news - times of india
City of Ahmadinejad US-based textile enterprise Arvind Ltd. woven fabrics. Arvind OG non-woven Nonwovens Co. , Ltd-Arvind Co. , Ltd (India) And OG company (Japan) Dholka, near Ahmedabad, unveiled its manufacturing plant on Saturday. The joint venture will produce high quality non- Fabric for bag house filtration, artificial leather and a variety of other applications such as decorative felt and car interior. AOG invests 50 rupees and is expected to break even within one year of operation and achieve a turnover of 100 rupees in the next three years. The factory will produce 1,500 tons of products every year. In the joint venture, Arvind holds a 74% stake and the remaining 26% is held by OG Corporation. \"India\'s technology textile market is estimated at Rs 70,000. The technical textile business of Arvind Co. , Ltd. is Rs 300 and the price is 2013- We expect it to reach Rs 1,000 by 2017. 18 \"said Punit Lalbhai, executive director and CEO of Advanced Materials division of Arvind Co. , Ltd. High quality Non Woven fabric will be produced using needles Punching Technology of Japan Kureha Co. , Ltd. The unit has already started production with one line of needles More production lines will be set up according to demand. AOG has been customized for installation A machine designed to meet Japanese standards of quality, capable of handling various fibers such as M- Acrylic fiber, all together, together Aromatic ketone (PPS) Polypropylene and polyester. \"India\'s technology textile market is still developing. If we have new facilities, exports will account for 60%. However, we will also focus on the domestic market . \" About 50% of raw materials will be imported. According to rough estimates The market share of woven fabrics in India\'s technical textiles is about Rs 500, and AOG is expected to receive a market share of 20%. AOG also plans to enter Africa Market segments for woven cars Download the India Times news app in the latest city.