Polyester-viscose dyed yarn manufacturer, Sangam (India), plans to double its denim production from 8 million metric tonne to 16 million metric tonne, by setting up an additional line in the next 6-7 months.
The Rs 35-crore expansion plan will be financed through internal accruals, a press release issued here said.
"This expansion into value-added denim products will increase our presence in all major segments of the industry and help us emerge as an one-shop producer for both domestic and international markets," Sangam (India)'s Chairman, R P Soni, said.
As on March 31, 2010, the company's order-book position stood at Rs 170 crore, including export orders of Rs 60 crore, the release said.
In FY 09, the company had completed its Rs 650 crore major expansion plan by adding 1.29 lakh spindles, 130 weaving machines and setting up of 21 MW power plant, it added.