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Exhibition Status Update!

With 3 weeks until SHOWTIME, the 20th Anniversary edition welcomes an All-Star cast of new and returning exhibitors, making up the largest DOMOTEX asia/CHINAFLOOR to date. Due to high demand in all product...

Global designers to exhibit at Luxury Br…

Designers from Europe, Middle East and North America will exhibit at the upcoming Luxury Brands Carpet Show. The second edition of the curated Luxury Brands exhibition and designer carpet collection is scheduled to...

H&M to dress Swedish teams for Olymp…

Hennes and Mauritz Group (H&M) will dress the Swedish teams for the Winter Olympics and Paralympics in PyeongChang 2018. The company will create outfits for the opening and closing ceremonies. The collection will...

Saurer to show Allma TechnoCorder TC2 at…

Saurer Technologies GmbH & Co. KG Twisting Solutions, a leading provider of energy efficient solutions for tire cord, carpet, staple, glass filament, and industrial yarns, will present its Allma TechnoCorder TC2 innovative machine...

Cone Denim and Unifi launch S Gene with …

Cone Denim and Unifi have launched the latest in advanced stretch technology - S Gene with Repreve . Combining the advanced stretch technology of S Gene with the superior sustainability and performance of...

Shima Seiki to partake in Premiere Visio…

Leading computerised knitting machine developer, Shima Seiki Mfg., Ltd., is set to participate at the Premiere Vision show, a global event for fashion professionals, to be held in Paris, from February 13 to 15, 2018...

Measurably more productive and econom- i…

Even if the winding machine is only responsible for about 10-15% of the energy consumption (compressed air and electrical energy) when considering the classic ring spinning process, these criteria play an important role...

Wool to dominate at Intertextile Shangha…

Some 3,300 exhibitors from around 20 countries covering all apparel fabrics and accessories product groups are expected at the Spring Edition of the industry’s most comprehensive sourcing platform for the spring/summer season, Intertextile...

Trident inaugurates world’s largest terry towel plant


(India)

Trident Limited, the flagship company of US$ 1 billion Indian business conglomerate—The Trident Group, has inaugurated the world’s largest terry towel plant and also laid the foundation stone of its Composite Textile project in Budni, in the central Indian state of Madhya Pradesh.

The new terry towel plant comprises of 300 looms and is expected to add about Rs. 18 billion to the company’s annual revenue. With this inauguration, the installed capacity of Trident has increased to 688 looms capable of producing 90,000 TPA of terry towels, making Trident the largest manufacturer of terry towels in the world.

The inauguration of the terry towel plant marks the completion of first phase of composite textile project undertaken by the company in Budni.

Simultaneously, the company also laid the foundation stone of the second phase of its composite textile project comprising of two spinning units, a bed linen unit and a captive power plant. This project will have 500 looms capable of producing 3.6 million meters of bed linen/month, 185,000 yarn spindles and 60 MW of captive power, the company said in a press release.

While the captive power plant will be commissioned in September 2016, the bed linen and spinning units are expected to be operational by September 2015, which is likely to add about Rs. 12 billion to the company’s annual revenue.

Overall, Trident will invest Rs. 24 billion for its composite textile project, which will be fully vertically integrated from cotton-to-terry towel and from cotton-to-bed linen, providing the company a natural cushion against variations in cotton and yarn prices.

Commenting on the expansion projects, Trident Group chairman Rajinder Gupta said, “Today we move a step closer to our dream of becoming the world’s largest home textile company. With entry into the bed linen segment, we intend to improve our product basket by offering a complete range of home textile products. With greater vertical integration and our emphasis on value-added products combined with prudent financial management, we believe that this expansion shall be a step further towards our goal of registering a strong performance and delivering better returns to our shareholders.”

Headquartered in Ludhiana, Punjab, Trident operates in two major business segments—textiles and paper—with its manufacturing facilities located in Punjab and Madhya Pradesh. Export turnover accounts for about 50 percent of the total sales of the company. (RKS)


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