Siddharth Biyani
Director
Mangalam Industries Pvt Ltd
‘The manufacturing sector is improving day-by-day, becoming better in terms of technology and skilled human resources’
Company Details
Business Area:
Polyester Yarns and Fabrics
How is the man-made fibre (MMF) industry shaping up? How is Mangalam Industries faring?
The crude slowdown had impacted the man-made fibre industry, but it is beginning to pick up now that the global oil pricing has stabilised somewhat. In fact, the manufacturing sector is improving day-by-day, becoming better in terms of technology and skilled human resources.
At Mangalam Industries we are seeing a handsome growth of 30-35 per cent in polyester fabrics. Customers regularly demand new fabrics and patterns. As we are largely into greige fabrics, there is little scope for fancy items. But yes, development in the quality of fabrics is continuous. Fabrics like 3D, slub and micro are expected to hit the market by the end of this year.
The growth percentage of Mangalam Industries for 2014 was around 15 per cent. The group sales stood at around Rs 150 crore.
Published on: 11/02/2015
DISCLAIMER: All views and opinions expressed in this column are solely of the interviewee, and they do not reflect in any way the opinion of Fibre2Fashion.com.
