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Plastic Products - Industrial
Business Update18 Jul 2024, 11:57 pm

Candour Techtex Ltd Installs Rupees 10 Million Relax Dryer, Secures Orders from Renowned Companies

AI Summary

Candour Techtex Ltd has successfully acquired, installed, and fully commissioned a PLC-controlled Relax Dryer for special dip coating, costing Rupees 10 million, at its Malegaon plant. This installation is specifically for Non-Woven applications for export to Ikea through its approved vendors in India. The company has started receiving confirmed orders from Reliance Industries Ltd for Automotive fabrics, Jayanita Exports Pvt. Ltd and Sutlej Textiles Ltd for Home Furnishings, Welspun Ltd for non-woven applications, and is in final negotiations for sale of complete blackout coated and laminated fabrics to various USA retailers like Target, Cosco, Walmart etc through their approved vendors in India for Curtains & Rollers blinds and other home furnishings. Under its indigenization programme, the company has developed local blackout compounds at a very competitive pricing, resulting in a 30% cost saving. The company is a member of ITTA, IGBC, CHWTSDF, and is in compliance with ISO 9001:2015 certification for Technical Textiles Lamination and Coating. It is also in the final stage for obtaining SLCP, GRS, FEM, and OEKO-Tex certification which is essential for exports to USA/Europe.

Key Highlights

  • Installed Rupees 10 Million Relax Dryer for special dip coating
  • Secured confirmed orders from Reliance Industries Ltd, Jayanita Exports Pvt. Ltd, Sutlej Textiles Ltd, and Welspun Ltd
  • In final negotiations for sale of complete blackout coated and laminated fabrics to various USA retailers
  • Developed local blackout compounds under indigenization programme, resulting in 30% cost saving
  • In final stage for obtaining SLCP, GRS, FEM, and OEKO-Tex certification for exports to USA/Europe
CANDOUR
Plastic Products - Industrial
Candour Techtex Ltd

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