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Web Exclusive | August 2016

Mills crisis in TN deepens

Textile mills in Coimbatore are in dire straits with market pundits predicting that cotton prices are unlikely to fall until the next season that starts in October. The mills are taking desperate steps like reducing production and raising prices of hosiery yarn. Though the Tamil Nadu Government does not have a role to play in cotton pricing, they say that reducing taxes as per their earlier demands will go a long way in this situation.

Domestic cotton prices, especially the preferred Shankar-6 variety, have risen from 34,000 per candy (355 kg of cotton) in April to 49,000 per candy by July-end. According to India Ratings and Research, prices of cotton are unlikely to come down till October, when the new season begins for cotton. As a result, textile mills in the state, which account for 46 per cent of the spinning capacity in the country, preferred to bring down production by 15 per cent to 20 per cent, to at least cut their losses.
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A.T.E. Enterprises Pvt.Ltd (Fongs)      Arvind Rub-Web Controls Ltd      Associated Autotex Ancillaries Pvt Ltd      ATE Enterprises Pvt Ltd (Spinning-Common Advtg)      Biancalani Srl      Bracker AG (Rieter)      Chandra Electric Company      Dashmesh Jacquard and Powerloom Pvt Ltd      Delair India Pvt Ltd      Elgi Electric and Industries Ltd      Elgi Equipments Ltd      Embee Corporation      Eppinger Tooling Asia Pvt Ltd      Excel Traders      Gati Kintetsu Express Pvt Ltd      GEM Equipments (P) Ltd      Graf (Rieter India)      Grasim Industries Ltd      Groz-Beckert Asia Pvt Ltd      Instamod Air Pipe Pvt Ltd      Jacobi Machinery Pvt Ltd (Simta)      Jiangyin Guoguang Calender And Fibre Roller Co., Ltd      K U Sodalamuthu and Co. Pvt Ltd      Kinarivala Textile Machinery      Lakshmi Caipo Industries Ltd      Lakshmi Machine Works Ltd      Lapp India Pvt Ltd      Leuze Electronic Pvt Ltd      Loepfe Brothers Ltd (Masterline)      Mag Solvics Pvt.Ltd      Mangal Singh Brothers Pvt Ltd      Marvel Gloves Industries / FAB Industries      MESDAN India Pvt Ltd      MM International      Moksha Thermoplastics Pvt. Ltd      Pioneer Industries      Prashant West Point Machinery Pvt. Ltd      Premier Evolvics Pvt Ltd      Rabatex Industries      Rieter India Pvt Ltd (Novibra)      Rieter India Pvt Ltd (Suessen)      Rieter India Pvt. Ltd      Sanmit Card Clothing India Pvt Ltd      Saurer Textile Solutions Pvt. Ltd      Savio India Ltd      Savio Texcone Pvt Ltd      Skaat Machine Works India Pvt Ltd      SMEW Textile Machinery Pvt Ltd      SRE Corporation      Sudarshan Gears      Sunrise Industries      TeFoc Accessories      Tex-Tech Industries (India) Pvt Ltd      Thies GmbH and Co.      Thymas Electronics Pvt Ltd      Trident Pneumatics Pvt Ltd      Yale Synthlube Industries      A.T.E. Enterprises Pvt.Ltd (Fongs)      Arvind Rub-Web Controls Ltd      Associated Autotex Ancillaries Pvt Ltd      ATE Enterprises Pvt Ltd (Spinning-Common Advtg)      Biancalani Srl      Bracker AG (Rieter)      Chandra Electric Company      Dashmesh Jacquard and Powerloom Pvt Ltd      Delair India Pvt Ltd      Elgi Electric and Industries Ltd      Elgi Equipments Ltd      Embee Corporation      Eppinger Tooling Asia Pvt Ltd      Excel Traders      Gati Kintetsu Express Pvt Ltd      GEM Equipments (P) Ltd      Graf (Rieter India)      Grasim Industries Ltd      Groz-Beckert Asia Pvt Ltd      Instamod Air Pipe Pvt Ltd      Jacobi Machinery Pvt Ltd (Simta)      Jiangyin Guoguang Calender And Fibre Roller Co., Ltd      K U Sodalamuthu and Co. Pvt Ltd      Kinarivala Textile Machinery      Lakshmi Caipo Industries Ltd      Lakshmi Machine Works Ltd      Lapp India Pvt Ltd      Leuze Electronic Pvt Ltd      Loepfe Brothers Ltd (Masterline)      Mag Solvics Pvt.Ltd      Mangal Singh Brothers Pvt Ltd      Marvel Gloves Industries / FAB Industries      MESDAN India Pvt Ltd      MM International      Moksha Thermoplastics Pvt. Ltd      Pioneer Industries      Prashant West Point Machinery Pvt. Ltd      Premier Evolvics Pvt Ltd      Rabatex Industries      Rieter India Pvt Ltd (Novibra)      Rieter India Pvt Ltd (Suessen)      Rieter India Pvt. Ltd      Sanmit Card Clothing India Pvt Ltd      Saurer Textile Solutions Pvt. Ltd      Savio India Ltd      Savio Texcone Pvt Ltd      Skaat Machine Works India Pvt Ltd      SMEW Textile Machinery Pvt Ltd      SRE Corporation      Sudarshan Gears      Sunrise Industries      TeFoc Accessories      Tex-Tech Industries (India) Pvt Ltd      Thies GmbH and Co.      Thymas Electronics Pvt Ltd      Trident Pneumatics Pvt Ltd      Yale Synthlube Industries