Shahlon Silk Industries, a
leading fabric and manmade fibre company in India, is expanding its geographical
reach to cater to more markets as the demand for textile products is showing
excellent strength in both domestic and international markets led by increasing
demand for fashion and furnishing products. After expanding its geographical
base, the company exports its products to 15 countries like United States,
Europe, Middle East, Africa, Belgium, Egypt, Jordan, North Africa, Thailand,
Turkey, Sri Lanka, Bangladesh and Korea.
Many countries and
companies are already expanding their sources of man-made fabrics/yarns from
different nations rather than relying on a few countries. India is expected to
gain significantly out of this as the county has been moving towards man-made
fibres from cotton fibres and can be a huge sourcing nation for the world.
The company, which is
primarily engaged into manufacturing and exporting of synthetic textile yarn
and fabrics, garners 87 per cent of its revenues from domestic markets and 17
per cent from exports.
The Surat based company
has three manufacturing facilities at different locations in Gujarat (Kim,
Karanj, and Kosamba). The company’s total installed capacity for fabric
manufacturing is 40 million meters per annum while it is 22,200 metric tonnes
per annum for manufacturing yarns.
Fabrics and synthetic
yarns find usage in number of user applications like weaving, furnishing,
laces, tapes, knitting, velvet, labels, carpets etc. The company has major
share of domestic revenues from garments makers situated at cities like Delhi,
Mumbai, Bengaluru which are manufacturing garments for leading domestic and
international brands.
Commenting on expanding
geographical reach, Dhirubhai Shah,
Chairman of Shahlon Silk Industries, said, “During the current quarter, we
have added marquee clients in both domestic and international markets, which
would result in increased volumes. The global trade and supply chain scenario
has been changing and favouring India, in terms of becoming key sourcing
partner for both fabric and manmade fibre products.â€Â
He further added that, “We
are focusing on improving our operating margins and profitability through
better revenue mix and operational efficiencies. Besides, focusing on expanding
our geographical reach and adding more customers across the world and fully
committed to capitalise on the changing industry landscape.â€Â
The company is leading
player in fabric used in women’s wear like sarees and garments, which are
growing segments and have been growing at double digits. Shahlon’s garment manufacturers
in Delhi, Mumbai and Bengaluru who export to top brands like M&S, Matalan,
H&M, Belk, and many more.