SRF Ltd, a leading manufacturer of technical textile products, is planning to add to its product portfolio by entering the lamination fabric industry. The company, which primarily relies on manufacture of nylon tyre cord, wishes to reduce its dependence on this.
SRF will be the first organised player to enter the lamination fabric industry and expects its revenues from technical textiles to increase exponentially. Technical textiles as a whole account for half the revenues, of which 85 per cent come from the tyre cord business. “We are trying to enhance our product portfolio. There is enormous opportunity for laminated fabric in the signage industry as most of the fabric is imported from China and Korea,” said Ashish Bharat Ram, managing director of SRF Ltd.
The company is in the process of building a lamination factory in Kashipur, Uttarakhand, at an investment of Rs 60 crore.