20 May 2022, Mumbai:
Vishal Fabrics plans to add another facility to manufacture 10 million meters of denim fabrics per annum in H2FY23. The company recently added another facility to manufacture 10 million meters of denim fabrics per annum.
Currently, it has eight denim manufacturing facilities with an annual capacity of 80 million meters per annum. The two new facilities will boost the annual capacity to 100 million meters per annum at Dholi Unit. Total investment in this project will be Rs 30 crore and funded by internal accruals.
Vinay Thadani- Chief Financial Officer and Chief Operating Officer, Vishal Fabrics informs, the company’s export team plans to add 12 countries from the southern region and is working on Latin America and European countries & Pre covid, Vishal fabrics focused on the domestic segment.
However, now it is focusing more on the export front.