Owned by The Chatterjee Group (TCG), textile giant Garden Silk Mills (GSMPL) has unveiled a major expansion plan with a Rs. 1,250 crore investment in a new Fully Drawn Yarn (FDY) plant. This move marks TCG's ambitious plan to become a key player in the Polyester Downstream (PTA) segment.
Located in Jolwa, the state-of-the-art plant will boast a production capacity of 272 tons of FDY yarn per day. It will utilise cutting-edge Oerlikon Barmag Wings+ machines renowned for producing the highest quality yarn for various applications.
Extending beyond this initial expand TCG aims to boost operations in various segments of the polyester industry by supporting GSMPL even amidst the current industry downturn. The company also aims to conform to sustainability standards and incorporate hybrid renewable power in the new plant to reduce its carbon footprint. In future, the company plans to more facilities for industrial yarn and geotextiles.
This expansion marks a significant step forward for GSMPL and TCG, solidifying their position as a leader in the textile industry with a focus on innovation and sustainability.
