After exulting world in acrylic Vertex turns to cotton
17 Oct '06
1 min read
Vertex cotton spinning company has acquired 100 acres of land and started construction activity at Nardhana Industrial Area (Dhule) Maharashtra.
The new project is at a cost of Rs5.12 billion with the total planned capacity of 1,60,000 spindles, it expects to commence its production of Phase-I of 80,000 spindles by March 2007.
After completion of cotton spinning project, the company expects to earn gross revenue of Rs2273.2 million and a profit after tax amounting to Rs511.1 million.
Vertex spinning has also undertaken a major expansion programme, envisaging updating of its plant and machinery and completion of 25,000 spindles expansion programme at existing unit at Pithampur, Madhya Pradesh.
Company has already made a place for itself in global market and has established itself as a strategically located quality supplier of acrylic blanket to the whole of the country, Africa, USA, UK, Australia, Canada and all Asian Countries including Middle East.
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