Rs. 100-crore revenue targeted in three years
Arvind OG Nonwovens Pvt. Ltd., a joint venture between Arvind Ltd. and OG Corporation of Japan, opened its manufacturing facilities near Ahmedabad on May 31. The JV will manufacture high quality nonwoven fabrics using needle-punch technology for bag house filtration, artificial leather and a variety of other applications. The JV also has a technology tie-up with Kureha Ltd. of Japan.
AOG has installed custom-built machines specifically designed to achieve Japanese quality standards and capable of handling various fibers such as M-Aramid, homopolymer acrylic, poly-phenelyene sulfone (PPS), polyimide polypropylene and polyester. These will be manufactured at the newly installed facilities following the highest global standards of quality while leveraging the advantage of the India cost of production.
The unit has started production with one line of needle-punching technology at an investment of nearly Rs. 50 crores with a targeted turnover in excess of Rs. 100 crores in three years. Beyond this, Arvind will continue to expand capacities in this as well as other technologies within the nonwoven fabrics space, which will be an important pillar of the group’s technical textiles growth strategy going forward.
At the inaugural of the manufacturing facility of Arvind OG Nonwovens Pvt. Ltd., Mr. Punit Lalbhai, Executive Director of Arvind Ltd. and CEO of the Advanced Materials Division, said: “This is a big milestone for Arvind and for AMD. It marks our entry in the highly attractive nonwoven fabrics space, and we are looking to aggressively grow this vertical with our Japanese partners. Beyond this, we are also looking to invest in other technologies and product categories in the non-wovens space going forward.”
Mr. H. Machino, Managing Director of OG Corporation India and Director of the India JV, observed: “Keeping the future in mind, India is a very important marketplace for OG Corporation. We are therefore delighted to partner with Arvind and establish a nonwoven fabrics manufacturing facility in India.”