Sutlej Textiles and Industries is expanding capacity through several new projects. The company is implementing a green fibre project to manufacture polyester staple fibre (PSF) by recycling of pet bottles at Baddi in Himachal Pradesh. The company has commenced work on the manufacturing of raw white & black recycled fibre with capacity of 120 MT/day. The total project cost is around Rs. 189 crores, and commercial production is expected to start in Q1 of FY20-21. The new plant will fulfill 75 per cent of Sutlej’s captive requirement of PSF, which is the key raw material.
Sutlej has also been continuously modernising its existing plant. The company invested around Rs 38 crores during FY19 towards technology upgradation and debottlenecking, etc. This will result in further improvement in efficiency and sustaining plant utilisation. Nearly 32 per cent of the spindleage and 67 per cent of the fabric weaving machines have been commissioned in the last decade, assuring high technological relevance.
To enhance its portfolio and presence in the home décor segment, Sutlej acquired American Silk Mills (ASM). The company is strengthening its product portfolio by leveraging the ASM design expertise and US presence, focussing on higher end markets in developed counties, building world-class design capabilities and improving product mix and broadening product portfolio.