WGL is on the fast track of growth and looking for the expansion of its businesses to a great extent.
Proposed acquisition of another spinning unit.
The Group regularly continues the research and development of yarns of various industrial uses.
There is a large, untapped demand for the export of technical textiles and high-value, high-end industrial use specialty yarns viz. Carpet backing, Webbing, Sandwich cloth, Automotive fabric, Industrial sewing thread, Hose Pipe, Belting segment Belt, Canvas backing, home furnishing. Hence, the Group is now working on the development and marketing of such yarns.
The yarn finds end use in both knitting and weaving sectors of the textile industry.
With the closure of many weak spinning units in the country, the group proposes to acquire quality spinning units in and around its core area, i.e. Indore (Madhya Pradesh). The aim is to provide synergy of Management and Technical expertise while contributing significantly to the turnover by entering newer markets with wider range of products.
With a wider product range the company''s markets, both domestic and international, will get a boost in terms of turnover.
Surya Prakash Ojha (Head - HVA Development)
Crescent Tower, 5th Floor, 229 A. J. C. Bose Road Minto Park Bhowanipore, Kolkata- 700020, West Bengal, India