Coimbatore-based Super Spinning Mills has purchased the textile spinning plant of Turkey's Abalioglu Group.
A deal had been inked with Super Spinning last month and first phase of machinery shipment from Turkey plant is expected to arrive by June-end.
The ring frames (Rieter-made 1997 to 2001 models), blow room, humidification and winding plants from the acquired plant will be installed at Hindupur, Andhra Pradesh.
According to Managing Director of Super Spinning Mills, Sumanth Ramamurthy, the total project cost (unit Super Sara) was Rs. 46 crore, including machinery purchase from Turkey plant at Rs. 30 crore.
Super Spinning will complete entire installation by November-end. The mill plans to add another 24,000 spindles (from domestic machinery manufacturers) to its Super Sara unit by end of 2007 at a total cost of Rs. 40 crore.
The mill would have two lakh spindles by end of 2007-08 to the present 1.35 lakh spindle.
It produced about 70,000 kg of yarn a day and this would go up by 10,000 kg with the commissioning of the Super Sara unit.
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