The Rs. 7,000-crore conglomerate LNJ Bhilwara Group has announced consolidation of its flagship textiles company RSWM, with merger of Cheslind Textiles Ltd. and expansion of its Kharigram plant. This takes the installed capacity of RSWM to 5.05 lakh spindles and 4,800 rotors, one of the largest in the country, with production capacity of 132,000 tons of yarn annually. RSWM has eight manufacturing plants.
“We are pleased to announce the merger and strategic expansion of our Kharigram plant, which puts us in the front league of textiles companies in the country,” said Mr. Riju Jhunjhunwala, RSWM Managing Director.
Giving out details, Mr. Jhunjhunwala said: “The new SJ-11 is an expansion of RSWM’s Kharigram Unit in Rajasthan. It is a highly automated plant with an installed capacity of 51,840 spindles and production capacity of 17,000 million tonnes annually.”
Mr. ML Jhunjhunwala, RSWM President, said: “This is a completely automated spinning mill where yarn is getting produced without human touch due to which top quality yarn is getting produced. The new operation strengthens efforts to generate economic prosperity and more jobs. Our commitment to the people of Rajasthan is unwavering, and we only expect a steady growth in the coming months and years.”
RSWM produces all types of spun yarn sold in domestic and international markets. Additionally, it has 154 looms and produces 17 million metres of polyester viscose blended suitings annually, which is marketed under the brand Mayur Suitings. It also produces denim fabrics on 86 looms with annual production of 16 million metres. It has 46 MW thermal power plants providing uninterrupted power at its eight manufacturing locations. The company has undertaken a focussed programme to increase operational efficiency.
RSWM has also come up with its range of new yarn products which has various end uses like fancy, shirting, upholstery, carpets and core spun lycra yarns in dyed and grey yarns. Raymond, Uco Denim, D’ Decor and Arvind Ltd. are among those to whom these yarns are supplied.