19 April 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.
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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.
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It will ramp up the production of denim fabric without incurring any additional costs for any other process/machinery.
The two new facilities will also help Vishal Fabrics to cater to domestic and export demand for denim fabrics. Brijmohan Chiripal, Managing Director says, these investments will lay the groundwork for the company's next phase of expansion.
They will enhance its market reach and grow its share in the global denim segment, he adds.
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