Candour Techtex Ltd commissions PLC controlled Relax Dryer at Malegaon Plant

Candour Techtex Ltd (formerly Chandni Textiles Engineering Industries Ltd) at its Malegaon plant, has successfully acquired, installed and fully commissioned PLC controlled Relax Dryer for special dip coating costing Rupees 10 million for Non-woven process to supplement its existing coating lines. This is specially installed for Non-Woven applications for export to Ikea through its approved vendors in India.

After successfully carrying out extensive sampling work for leading Home Furnishing and Auto Company OEM's, passing through stringent quality parameters and several certifications, the Company has now started receiving confirmed orders from renowned Companies such as Reliance Industries Ltd for Automotive fabrics, Jayanita Exports Pvt. Ltd and Sutlej Textiles Ltd for Home Furnishings, Welspun Ltd for non-woven applications etc.

The Company is in final stage of 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 also now developed local blackout compounds at a very competitive pricing vis-a-vis imported compounds being now used by the Company. This will result in saving of approximately 30% in its costing.

The Company is member of ITTA( Indian Technical Textile Association), IGBC, CHWTSDF for Common Hazardous Waste Treatement, Storage & disposal facility and is in compliant with ISO 9001:2015 certification for Technical Textiles Lamination and Coating.

The Company is also in under final stage for obtaining SLCP, GRS, FEM and OEKO-Tex certification which is essential for exports to USA/Europe.

Shares of Candour Techtex Ltd was last trading in BSE at Rs. 44.98 as compared to the previous close of Rs. 44.33. The total number of shares traded during the day was 4918 in over 26 trades.

The stock hit an intraday high of Rs. 44.98 and intraday low of 43.50. The net turnover during the day was Rs. 215394.00.

Source : Equity Bulls

Keywords

CandourTechtex INE713D01055 PLCControlled RelaxDryer Commissioned MalegaonPlant