Trident Limited has announced the laying of foundation stone of two spinning units and a sheeting unit in Budhni, Madhya Pradesh. The company will install 1.76 lakh spindles and 500 looms with an investment of Rs. 1,667 crore which will manufacture around 40,000 TPA of additional cotton yarn of higher count and value-added varieties and 50 million metres of sheeting per annum.
The implementation of these units will be in a phased manner and is expected to be fully operational by September 2015. Post commencement of these facilities combined with increased focus on value-added products and end-to-end home textile solutions; the company envisages improvement in realizations and margins.
Trident Corporation Limited, an associate company of Trident Limited, also announced the laying of the foundation stone of its Open End Yarn Project in Budhni, MP. The project will have a capacity of 1,920 rotors and planned production of around 10,000 TPA with an investment of Rs. 60 crore. This project is expected to be completed by June 2014.
The primary focus of Trident Group, with the addition of these facilities, would be on value-added yarn for niche segment of high-end international markets; and on offering complete range of home textile products to global clients spread worldwide. “With this expansion, we intend to widen our reach to other prominent countries which form a strong base for our competing nations. viz. China, Turkey and Pakistan. We also intend to improve our product basket by offering additional cotton yarn of higher count and value-added varieties,” said Rajinder Gupta, Chairman, Trident Group announcing the new projects.
