new investments in indian technical textile industry

New Investments inIndian Technical Textile Industry

(during 1st & 2nd Qs of F Y 2012-13)

Dr. M.S.Parmar

COE-PROTECH

NITRA

“VASTRA- 2012” Jaipur

(23.11.12)

Technical textiles are textile productsmanufactured for non-aestheticpurposes, where function is theprimary criteria

Investment in Technical Textiles

Paramount Surgimed (India) launched adult diapers to expand in the hygiene segment. The company plans to launch sanitary napkins in the next 18 months. It is planning to improve its sales by more than 65% to nearly Rs 1.25 billion in the next two years through increased sales of its hygiene products.

At present, Paramount has a manufacturing facility plant in Bhiwadi, Rajasthan that has a capacity to produce 2.5 million diapers a month. An amount of Rs 120 million was recently invested in the plant by the firm. It is tying up with medical institutions and hospitals for adult diapers.

Reported on: Jan 16, 2012 http://www.technicaltextile.net/news/newsdetails.aspx?news_id=1856

Paramount Surgimed (India)

CX Partners is an INR 283.2 Million India-focused PE firm. Its other investments include stakes in Monnet Ispat and Thyricare Technologies.

CX Partners is buying 40% stake in Bangalore-based medical textile manufacturer Sutures India (whose product range includes absorbable and non-absorbable sutures, skin staplers and surgical tapes) for INR 2,000 Million. It will take out the existing financial investor Evolvence Life Sciences and also buy part of the promoter stake, which is awaiting FIBP approval.

CX Partners to buy INR 2,000 Million Sutures stake

Reported on: Mar 27, 2012http://timesofindia.indiatimes.com/business/india-business/CX-Partners-to- buy-200crore-Sutures-stake/articleshow/12421358.cms

Meditech

FIBP: Foreign Investment Promotion Board

PE : Private equity firm

Oerlikon geotex line sold in India

Oerlikon Neumag has sold an inline plant with 12 spinning positions for the production of staple fibers for geotextiles to an Indian company. Its start-up is planned for the end of 2012 producing up to 80 tons per day.

Reported on: Feb 9, 2012 www.nonwovens-industry.com/news/2012/02/09/oerlikon_geotex_line_sold_in_india

The Kerala State Co-operative Coir Marketing Federation (Coirfed) bagged a record INR 20 Million worth of orders of geotextiles from various local self-governing institutions in Kerala. These orders are five times more than the orders worth INR 4 Million received during the previous fiscal year.

Coirfed bags record INR 20 Million orders for geotextiles

Reported on: April 12, 2012

http://www.technicaltextile.net/news/newsdetails.aspx?news_id=2080

Reported on: March 03, 2012 http://hfnmag.com/home-textiles/alok-joins-hilton-family-textiles-line

Alok joins with Hilton family on textiles line

Alok International has formed a partnership with Richard (―Rick‖) and Kathy Hilton tomanufacture and market home textiles collections branded under the Hilton name.The collections will be labeled under two names, Kathy Hilton Spa Collection andHilton Home. The former will be priced in the upper tiers, while the latter will be at―affordable‖ prices.

Freudenberg Filtration in India acquires Pyramid filters Pvt Ltd.

Freudenberg Filtration Technologies India Pvt. Ltd. (FFT India) was established in 2008as part of Freudenberg Filtration Technologies. FFT India provides highly efficientindustrial and automotive filter products, superior system solutions and value-addingservices in air and liquid filtration.

It has signed an agreement to acquire the business of Pyramid Fibres Private Limited,with effect from April 1, 2012. Founded in 1998, Pyramid Filters manufactures air filterelements and systems for clean room applications in the pharmaceutical, medical,food and chemical industries.

Reported on: March 06, 2012 http://www.business-standard.com/india/news/freudenberg-buys-pyramid-filters/467553/

Binani Industries buys 3B for €275million

Binani Industries Ltd. is a 125-year old business conglomerate and belongs to the BrajBinani Group. The business portfolio of Binani Industries includes sectors like cement, zinc, glass-fiber, and downstream composite products.

Binani Industries Ltd of Mumbai, India, has paid €275 million to buy a 100% stake inone of the major manufacturers of glass fibre in the world— 3B of Battice, Belgium.

Reported on: March 2012 http://www.technical-textiles.net/htm/f20120309.151986.htm

Alliance Polysacks Pvt. Ltd founded in 2010 and a member of India-based industrialpackaging bags supplier SPPL Group has installed Starlinger’s AD*StarKON 60conversion line (made in Austria). It will use the new line to produce wovenpolypropylene sacks that can be filled with dry bulk goods such as cement, chemicals,fertilizer and foodstuffs such as grains and rice.

The company currently has a production capacity of 63 million sacks per year and plans to increase that capacity to 132 million sacks per year.

Reported on: March 06, 2012 http://www.textileworld.com/Articles/2012/March/India_based_Sack_Producer_Installs_Starlingers_100th_ADSTAR_Conversion_Line.html

Alliance Polysacks Pvt Ltd

Wilmington, Delaware, US-based E. I. du Pont de Nemours and Company,popularly referred to as DuPont, and Ahmedabad, based textile manufacturerArvind, announce a strategic alliance for Arvind to manufacture and marketDuPont™ Nomex® brand fiber based Flame Resistant (FR) fabrics and Industrialapparels in India, SriLanka, Bangladesh & Nepal. Under the marketing andbrand licensing agreement, DuPont will supply DuPont™ Nomex® brand fiberand provide technical support to Arvind for manufacture of Nomex® FlameResistant (FR) fabrics.

http://www2.dupont.com/India_Country_Site/en_IN/Media_Center/2011/Indian_Press_27Jan2011.html

Protech

Mr.Balvinder S Kalsi, President - South Asia, DuPont &Mr.Sanjay Lalbhai, Chairman & Managing Director – Arvind Ltd

&

Dupont opened its latest ballistics testing facility at the Dupont KnowledgeCentre in Hyderabad, India. The state-of-the-art facility houses a ballistictesting range, a 600-ton helmet press and stab testing equipment. TheHyderabad facility is Dupont’s fifth global site for testing protection materialsin ballistic applications.

opens Ballistics Center in Hyderabad, India

Protech



Invista has been working actively with many domestic brands in active wearsegment. Push Sportswear, UK has launched a Kayaking range with Invista’sleading performance wear brand Lycra Sport fabric. The range is availablethrough Adventure Compass in Rishikesh, Uttarakhand, India.

Reported on: June 20, 2012

http://www.fibre2fashion.com/news/apparel-news/newsdetails.aspx?news_id=112490

Kayaking range with Lycra Sport fabric launched in India

Sportech

Precot Meridian Ltd is setting up a Greenfield nonwovens project tomanufacture hygiene care products in Karnataka. With the intent to become animportant player in the cosmetic pad market.Precot partnered with VMI Holland BV. VMI will supply several of its new ACE 300,fully automatic and compact pad production and packing machines, as well as aHCI, high output machine, to the new venture. The integrated plant will includeprocessing, nonwovens lines and finishing machines.

NON-WOVEN

http://www.nonwovens-industry.com/contents/view_breaking-news/2012-05-24/new-nonwovens-operation-established-in-india/

Reported on: May 24, 2012

Global Nonwovens is based in Auburn, Massachusetts, USA and has businessinterest in spunbonded polypropylene, bicomponent polypropylene spunbond,spunbond polyester, and needled felts.

Global Nonwovens has finalized plans to add a large-scale spunmelt line in Nashik,India. Expected to initiate operations in 2014, the new line will have an initialcapacity of 20,000 metric tons, which will target hygiene and medical applications.

NON-WOVEN

Global Nonwovens to build Spunmelt line in India


http://www.nonwovens-industry.com/issues/2012-08/view_breaking- news/global-nonwovens-to-build-spunmelt-line-in-india/

Toho Tenax Co Ltd., Japan is partnering with Hindoostan Technical FabricsLimited, Mumbai to develop and market carbon fibre fabrics for India'scomposite industry in collaboration. Toho Tenax will supply itsproprietary Tenax carbon fiber to Hindoostan Technical Fabrics forweaving and processing into quality textiles.

Hindoostan Technical Fabrics to use Tenax carbon fiber

Composites



Uses: • Aerospace for aircraft parts & structures, • Medical Equipments for X ray table tops, • wind mill for blades, • Marine for speed boats • Industrial for robotic arms• Transportation for CNG fuel tanks,• Automobile for racing car structures, • sports,• Artificial limbs

UK-based Caparo Group was founded in 1968 and has business interests inaerospace, engineering, steel, and vehicle products. The company is a majorauto component maker in India, operating 32 manufacturing units across thecountry.

Caparo Group plans to establish a plant for manufacturing automobile partsmade of carbon fibre composites in South India. Such components are used tomake cars lighter and more eco-friendly.

Caparo to set up carbon fibre auto component unit in India

Composites



Acquisition of PET resin assets in Indonesia

Indorama Ventures Public India Limited announced 100% acquisition of the PET resinassets of PT Polypet Karyapersada, Indonesia with a production capacity of 100,800tons per annum.

It will provide the opportunity to further consolidate the company’s foothold in expanding Indonesian PET market.

Reported on: March 06, 2012 http://www.technicaltextile.net/news/newsdetails.aspx?news_id=1970

Honeywell opens new technology centre in India

Honeywell invents and manufactures technologies to address challenges linked toglobal macro trends such as safety, security, and energy.

It has announced opening of a new technology centre in India, to further expand itstechnology development capabilities in key areas including refining, petrochemical,low-global-warming and nylon technologies and applications.

Honeywell invested USD 34 Mn in the 8830 square meter (9500 square foot) centre inGurgaon

Reported on: Feb 15, 2012 http://www.technicaltextile.net/news/newsdetails.aspx?news_id=1925

IIT-M will extend the geotubes and geobags ( it had laid along 1 km ofthe Uppada coast in Andhra Pradesh in 2010) by another 3 kms toprotect the coast from sea-erosion. Geo-synthetic tubes and bags aremade from synthetic or natural polymer in the form of a sheet, a strip ora three dimensional structure, to use in contact with soil and water incivil and coastal engineering applications.

They come in bags, tubes and containers, with at least 2% to 5% filledwith fine soil to withstand the high tides.

IIT-Madras’s geo-tubes to check coastal erosion inAndhra Pradesh

Reported on: May 07, 2012

http://articles.timesofindia.indiatimes.com/2012-05-07/the-good-earth/31610123_1_geo-tubes-iit-m-iit-madras

Polymer school set to rise in India

PlastIndia was established in 1987, it is the apex body of major associations,organizations & institutions connected with plastics, with common objectives topromote the development of the plastics industry.PlastIndia, in partnership with the University of Wisconsin and University ofMassachusetts, has planned a $30 million plastics university in the northwest of thecountry.The polymer engineering research center of the University of Wisconsin is teaming upwith the Department of plastics engineering at the University of Massachusetts and anIndian plastics association to design the curriculum for a new plastics-orienteduniversity in India.

Reported on: March 15, 2012 http://www.plasticsengineering.org/polymeric/node/5230

Union budget showers bounty on Indian technical textile sector & SMEs

The Finance Ministry allocated Rs 500 Cr to start a pilot scheme in the 12th Five YearPlan for promotion and application of geo textiles in the North East region of India.Also, it exempted payment of customs duty on imports of Aramid yarn and fabric usedfor the manufacturing of bulletproof helmets.

Reported on: March 17, 2012 http://www.technicaltextile.net/news/newsdetails.aspx?news_id=1998

GoI Initiatives

Rs 5,000 crore Venture Capital fund to help SMEs grow

Ministry also announced to set up a Rs 5,000 Cr India Opportunities Venture Fund tohelp SMEs that account for 45% to India’s total manufacturing output and 40 % of thecountry’s overall exports. It will allow entrepreneurs to venture into new risk areas forinnovation in technology as well as help R&D.

Investments in Gujarat

Expected to receive around Rs 20 billion (USD 400mn) in investments in the technicaltextile sector as well as the converting industry (those who convert technical textileproducts into final products).

The state has mostly woven –fabric based units. Now, it plans to focus on nonwovensector.

It will launch a state level initiative called Mission Technical Textiles, and will allocateUSD 60 mn for the promotion of the sector of which, the government will makeprovision for USD 10 mn in first year, USD 20 mn in the second year and USD 30 mn inthe third year.


Reported on: Jan 18, 2012

The National Textile Corporation Limited (NTC) seeks tie-ups in technical textiles

NTC plans to invest around Rs. 425 crore along with the JV partner for setting up the infrastructure for manufacturing technical textiles.

It has formed JVs with Alok Industries, Pantaloon Retail India and Bhaskar Industries for setting up five garment manufacturing units.

Reported on: 01 March , 2012 http://yarnsandfibers.com/preferredsupplier/news_fullstory.php?id=29902

new investments in indian technical textile industry

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