Abhishek Industries Limited, the flagship Company of Trident group, has successfully completed the expansion project of its yarn facility.
The Company has implemented the project in a phased manner with an investment of Rs 1800 million and commenced commercial production on 46,080 spindles under its Yarn Spinning Expansion Project (Unit IV).
This expansion has positioned the Company among the leading yarn manufacturing units in India.
With the new facility fully operational, the Company is shifting the volume-driven products to the new capacities to leverage the benefit of their high speed and consistency resulting in higher production and utilizing the resulting unoccupied capacity on existing machines to manufacture value added yarns namely 100 percent PVA yarns, multi count, multi twist yarn, slub yarn, mélange yarn, 100 percent viscose yarn and PC blended yarn.
The high-speed operations and minimization of human intervention is expected to increase production and better absorption of fixed overheads thereby improving profitability of the division.
The total capacity of yarn facility has reached to 1,25,952 spindles and 1,920 rotors after completion of this phase of expansion.
The Company is also implementing a Captive Power Plant of 20 MW at an investment of Rs 700 million, which is expected to be operative by the third quarter of 2006-7 and shall meet the captive power requirements of its textile operations.
The Company is expanding all its core businesses and phased investment of over Rs 9,000 million is on the anvil.
Recently the Cotton Textiles Export Promotion Council (TEXPROCIL) has conferred Silver Trophy on the Company for outstanding export performance. Also, the Company has won CITI Birla Award for Quality Management for 2005-6.
Abhishek Industries Limited
marketing@alchempro.com
