India’s KOPL to invest Rs3bn in capacity expansion

04 January 2008 12:11  [Source: ICIS news]

MUMBAI (ICIS news)--Gujarat-based Kunal Organics Private Limited (KOPL) plans to invest about Indian rupees (Rs) 3bn ($76.4m) over the next three years to expand its chemical and related products capacities, a senior company official said on Friday.

KOPL has started producing three polyamylomide copolymer compounds which improve weaving efficiency and warp flexibility.

“We have already launched three new chemical products which would help provide eco-friendly sizing solutions for the textile industry and we would continue to develop new products," KOPL director Kunal Lekhadia told ICIS news.

“These products launched under the 'size care' series reduce the operational cost of textile making and eliminate a number of processes involving sizing, strengthening, smoothening and colouring,” he added.

The company expects these size care products, priced at about Rs300/kg, to double its turnover to about Rs2bn by the next fiscal year, Lekhadia said.

“The new [textile sizing] products are the first of its kind and we have already received various orders from different companies for them,” he added.

KOPL's customers include Arvind Mills, Raymond and Mafatlal Industries in India, and other companies based in France, Italy, Brazil and some African nations.

The company is also planning to patent these products and the method, for which it has already invested Rs150m on research and development, the local media reported.

KOPL specialises in chemicals and auxiliaries for textile and nonwoven pre-treatment and processing materials.

($1 = Rs39.26)

By: Isha Jha
+65 6780 4359

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