Trident Ltd, the flagship company of the Trident Group, will invest Rs 1,667 crore to install 1.76 lakh spindles and 500 looms to manufacture around 40,000 TPA of additional cotton yarn of higher count and value-added varieties and 50 million meters of sheeting per annum.

These units will be implemented in phases and are expected to be fully operational by September 2015, the company said in a filing to the BSE.

Trident Corporation Ltd, an associate company of Trident Ltd has also laid the foundation stone of its Open End Yarn project in Budhni, Madhya Pradesh. The project will have a capacity of 1,920 rotors and planned production of around 10,000 TPA with an investment of Rs 60 crore. This project is expected to be completed by June 2014.

The expansion will provide a base to increase the Group’s market reach in southern and eastern parts of the country, both, for raw material procurement as well as for sale of finished goods.

Following the expansion, the Group expects to provide employment to over 25,000 families across all business verticals.

After the addition of these facilities, the Group’s focus will be on value-added yarn for the niche segment of high-end international markets and on offering a complete range of home textile products to clients worldwide. It will also cater to the requirements of the top-notch domestic customers.

Rajinder Gupta, Chairman at Trident Group, said, “With this expansion, we intend to widen our reach to countries that form a strong base for our competing nations, that is, China, Turkey and Pakistan. We also intend to improve our product basket by offering additional cotton yarn of higher count and value-added varieties that satisfy customer needs and improve margins; and by offering towels and bed sheets together.”

Following the expansion, Trident’s annual production capacity will be 700 looms manufacturing 360 million towels, 500 looms manufacturing 50 million metres of sheeting, 6 lakh spindles manufacturing 1,50,000 tonnes of cotton and blended yarns and 130 MW of captive power. This will make Trident one of the largest integrated home textile manufacturing facilities in the world.

Apart from this, the company is also the top wheat straw-based paper manufacturer with an annual production capacity of 2,00,000 tonnes of eco-friendly paper.

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