RSWM to invest Rs 1,500 cr for capacity expansion

“We are investing Rs 1,500 crore in capacity expansion,largely yarn. We expect to add sophisticated spinning equipment that will take our spindle capacity to 7 lakh,retaining our position as India’s second largest spinning company,” RSWM Chairman Ravi Jhunjhunwala said.

“We are attractively placed to achieve this target. We enjoy a 35 per cent share of the polyester yarn segment and a dominant position in yarn exports,including special high-value yarns,” he added.

RSWM is the flagship company of business conglomerate LNJ Bhilwara,which has a turnover of nearly Rs 5,000 crore with presence in textiles,power,graphite electrodes and IT.

The company is also looking to enhance denim installed capacity from 14 million metres per annum to about 18 million metres.

“We also expect to commission a spinning facility dedicated to denim manufacture strengthening our integration and profitability,” Jhunjhunwala said.

The company,which posted revenues of around Rs 2,000 crore for the last financial year,is also looking to introduce five new yarns in the market.

RSWM operates,about 3,50,000 spindles,190 looms and fabric processing facilities with eight manufacturing locations.

It specialises in producing cotton,yarn,wool fabric and denim fabrics. The company exports a complete range of yarn and fabrics to over 70 countries including Europe,South Africa and North America.