New Delhi: Diversified group Reliance Industries Ltd (RIL), which is also into synthetic fibre manufacturing, has entered into a pact with Bhilwara-based Star Cotspin Ltd.
As per the agreement, Reliance's Recron SHT will be the basic substrate for polyester sewing threads manufactured by Star Cotspin. This yarn will then be sold, cobranded with Recron SHT.
Apart from branding the products, RIL will also provide marketing and technical support to Star Cotspin.
RIL and Star Cotspin will jointly conduct research and development work to further enhance Recron SHT sewing thread's quality, and will also explore new business opportunities.
"We believe this will accelerate our future growth through further penetration in our customer base of rewinder manufactured products," S K Chhajer, CEO, Star Cotspin said.
Reliance will also support Star Cotspin in creating awareness about standardised high quality sewing thread products among key stakeholders, especially spoolers and apparel manufacturers.
Star Cotspin is planning to undertake a 12,000 spindles expansion project. Six thousand spindles each is expected to be allocated to optical white and black yarn. The company expects to double the consumption of Recron SHT fibre by the end of 2017.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
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