Advertise Here [468 W x 60 H pixels]
Web Exclusive | October 2017

SVP to build $300-mn spinning unit in Sohar

ShriVallabh Pittie (SVP) Group, a diversified yarn manufacturing company based in India, has signed a land lease agreement for construction of $300 million cotton yarn plant in Sohar Freezone, Oman. The plant in the free zone area is likely to begin commercial operations from around 2019, and will generate over 1,000 employment opportunities.

SV Pittie Sohar Textiles FZC-LLC, a wholly-owned subsidiary of SVP Global Ventures Ltd, will operate the first cotton yarn plant in Sohar Freezone. With the capacity to manufacture more than 70,000 tonne on an annual basis, the finished yarn will be exported to various international markets including Bangladesh, Pakistan, Vietnam, Portugal, Turkey and China. The plant will import 100,000 metric tonnes of cotton fibre for production. Of this, nearly 50 per cent will be imported from the US and the remaining from India and Australia.

”With over two-hundred years experience in the textile business, our company has a highly skilled and experienced management team with a strong focus on automation and technology. We source best-in-class machinery from leading global companies to ensure the highest levels of productivity and efficiency,” said Chirag Pittie, SVP Group’s Managing Director.

A full-fledge textile unit will be set up at the plant including knitting, weaving, spinning and fabric manufacturing. This will increase the scope of employment for the locals.

Post your comment
Name:  
Email:    
Comments:  
Verification Code:   Change Image


 
Advertise Here [728 W x 90 H pixels]
A.T.E Enterprises Pvt Ltd (Processing ETP)      Arvind Rub-Web Controls Ltd      Associated Autotex Ancillaries Pvt Ltd      B & R Industrial Automation Pvt Ltd      Cox And Kings Ltd      DCC Print Vision LLP      Elgi Electric and Industries Ltd      Embee Corporation      Eppinger Tooling Asia Pvt Ltd      Excel Traders      Gem Equipments Ltd      Henna Tex      Hindalco Industries Ltd      Hongkong Trade Development Council      Jogindra Industries Pvt Ltd      K.U. Sodalamuthu and Co. Pvt Ltd      Lakshmi Machine Works Ltd      Lapp India Pvt Ltd      Loepfe Brothers Ltd (Masterline)      Meera Industries Ltd      Messe Frankfurt Trade Fairs India      Nestling Technologies      Prashant West Point Machinery Pvt. Ltd      Premier Evolvics Pvt Ltd      Rabatex Industries      Rieter India Pvt. Ltd      Savio India Ltd      Savio Texcone Pvt Ltd      Shail International Pvt Ltd      Sheeba Engineering Co.      Sieger Spintech Equipments Pvt Ltd      SRE Corporation      SSP Pvt Ltd      Stovec Industries Ltd      Techno Electronics And Instruments      TeFoc Accessories      Texcom Textile Solution      Texfab Engineers (I) Pvt Ltd      Trutzschler India Pvt Ltd      Unitop Aquacare      Vetal Hitech Machines Pvt. Ltd      A.T.E Enterprises Pvt Ltd (Processing ETP)      Arvind Rub-Web Controls Ltd      Associated Autotex Ancillaries Pvt Ltd      B & R Industrial Automation Pvt Ltd      Cox And Kings Ltd      DCC Print Vision LLP      Elgi Electric and Industries Ltd      Embee Corporation      Eppinger Tooling Asia Pvt Ltd      Excel Traders      Gem Equipments Ltd      Henna Tex      Hindalco Industries Ltd      Hongkong Trade Development Council      Jogindra Industries Pvt Ltd      K.U. Sodalamuthu and Co. Pvt Ltd      Lakshmi Machine Works Ltd      Lapp India Pvt Ltd      Loepfe Brothers Ltd (Masterline)      Meera Industries Ltd      Messe Frankfurt Trade Fairs India      Nestling Technologies      Prashant West Point Machinery Pvt. Ltd      Premier Evolvics Pvt Ltd      Rabatex Industries      Rieter India Pvt. Ltd      Savio India Ltd      Savio Texcone Pvt Ltd      Shail International Pvt Ltd      Sheeba Engineering Co.      Sieger Spintech Equipments Pvt Ltd      SRE Corporation      SSP Pvt Ltd      Stovec Industries Ltd      Techno Electronics And Instruments      TeFoc Accessories      Texcom Textile Solution      Texfab Engineers (I) Pvt Ltd      Trutzschler India Pvt Ltd      Unitop Aquacare      Vetal Hitech Machines Pvt. Ltd