Leading integrated textile conglomerate, Sangam (India) has bagged fresh export orders amounting to Rs 35 crores for polyester-viscose fabrics and denim. These have come from Egypt, Saudi Arabia, Latin American and Afghanistan, are to be executed in the next four months. Denim exports contribute have grown from five per cent to 30 per cent in the last 18 months at Sangam.
Commenting on the development, R P Soni, Chairman, says the company has received an encouraging response to its denim and seamless products in the international market. And what has excited them is that this response is despite tough competition from other leading international players as it could offer better value proposition. The company is hopeful of a much higher revenue contribution and better operating margin from exports going forward.
As on date, Sangam’s pending order book position stands at Rs 238.22 crores. Of this Rs 125.60 crores pertain to exports. The company is targeting exports revenue worth R. 450 crores in the current financial year.
Started in 1984, the Sangam Group has been promoted by first-generation entrepreneurs R P Soni and S N Modani. Sangam is a leading business conglomerate known for its strong business values and principles. The group has an extensive domestic presence and also has been exporting to more than 50 countries for over 15 years and enjoys a three star trading house status.
The company happens to be one of the largest manufacturers of polyester dyed yarn in the country. At present, it has 211,296 spindles of PV dyed yarn and cotton yarn installed in Bhilwara and 437 weaving machines and a 32 million meters of denim fabric capacity.
