Investments

Technical textile is the fastest growing segment in textiles in India and has generated considerable investor interest in the recent past. Following are the major investments from foreign companies in India’s technical textiles sector over the years.

S. No. Name of the Company Investment Type/Size Year of Investment Segment of Technical Textiles
1 Johnson and Johnson Subsidiary/ NA 1947 Meditech
2 Procter & Gamble Subsidiary/NA 1951 Meditech
3 3M 76% of Stake in JV/ NA 1988 Nonwovens, Indutech, etc.
4 Dupont Subsidiary/US$ 65.80 million 1994 Protech
5 Kimberley-Clark JV/NA 1994 Meditex
6 Maccaferri Subsidiary/ US$ 13.16 million 1997 Geosynthetics
7 Freudenberg Subsidiary/ NA 1998 Indutech and Non-wovens
8 KARL OTTO BRAUN GmbH Subsidiary/ US$ 9.21 million 1998 Meditech
9 Huntsman Subsidiary/NA 2000 Mobiltech, Geotech
10 Schoeller Textil AG JV/ NA 2003 Protech
11 SKAPS Subsidiary/NA 2004 Geosynthetics
12 Strata Geosystems Ltd. JV/NA 2004 Geosynthetics
13 Ahlstrom Subsidiary/US$ 72.37 million 2006 Non-Woven
14 Teijin Subsidiary/NA 2006 Protech, Composites etc.
15 Lindstrom Subsidiary/NA 2007 Protech
16 Klopman Subsidiary/US$ 65.80 million 2009 Protech
17 Honeywell Subsidiary/NA 2009 Protech and Packtech
18 Terram Subsidiary/US$ 10 million 2010 Geosynthetics
19 Hollingsworth & Vose JV/NA 2011 Indutech

 

Following are the latest investments in Technical Textiles in India

Fiberweb Acquires Control of Terram India; Sees Improved Like-for-like Sales

  1. Company: i. Fiberweb has a strong market position in many of its product and application areas using a variety of leading manufacturing technologies, including several proprietary processes. With revenues of approximately €300 million and around 1,200 employees worldwide, the company has a strong global position with major operations in North America and Europe.
  2. Investment Size: USD 3.22 Million
  3. Type:Acquisition
  4. Reported on: July, 2013
  5. Reference: http://www.rttnews.com/2148429/fiberweb-acquires-control-of-terram-india-sees-improved-like-for-like-sales.aspx

Fiberweb Plc. (FWEB.L) announced that contracts have been signed for Fiberweb Geosynthetics to invest 2 million to increase its stake from 26% to 65% in its existing geotextiles joint venture in Gujarat, India. Terram India, based in a duty-free zone near Mundra, fully commissioned its manufacturing operations during 2012, utilising a Terram geotextile spunbond line relocated from Fiberweb's Terram operations in the UK. The investment will enable expansion at Terram India, including the addition of value-added geocomposite manufacturing capability. Completion is expected during July 2013. In addition, Fiberweb confirmed that trading continues to develop as expected..

 

Harder than rock: Russian Composites on their way to India

  1. Company:Holding Company Composite is Russian a large-scale manufacturer of carbon fibre and carbon fibre-based fabrics and prepregs. Their products are used in aerospace, wind energy, construction, transportation, shipbuilding, power industry, sporting goods, and medicine. The carbon fibre products production facilities are located in Moscow, Elabuga, Saratov, Chelyabinsk and Dubna, Russia.
  2. Type:Expansion
  3. Reported on: July, 2013
  4. Reference: http://indrus.in/economics/2013/08/19/harder_than_rock_russian_composites_on_their_way_to_india_28591.html

Russian Composite Holding Company is focusing on the Indian market for carbon fibre composites, super-strong and light material used in various industries from aerospace to construction and automobile. Composites HC strategic plan is to establish cooperation with Indian companies first in R&D sphere and later shift to product supplies. Finally, after five years, Composites is planning to create a JV for production of ready-made composite components in India and initially eyeing the defence sector..

 

Litzler To Supply Tire Cord Dipping Line To Rajashree Polyfil

  1. Company: Rajashree Polyfil a division of Century Enka Ltd. was established in the year 1992. The company provides industrial yarn & Polyester Yarn and its primary goal is to produce sustainable products in ways that are environmentally, socially and economically viable, now and in the future.
  2. Investment type: Expansion
  3. Reported on:August, 2013
  4. Reference:

http://www.textileworld.com/Articles/2013/August/Litzler_To_Supply_Tire_Cord_Dripping_Line_To_Rajashree_Polyfil.html

India-based Rajashree Polyfil - a nylon and polyester filament yarn producer and a division of Century Enka Ltd. - has commissioned C.A. Litzler Co. Inc. - a Cleveland-based manufacturer of machinery including oven and drying equipment - to design and build a 80 mpm Tire Cord Dipping Line. Litzler reports the line offers benefits including multiple tension zones that provide maximum flexibility for elongating or relaxing the material to meet specific processing criteria; a line speed of 60 meters per minute (m/min) at maximum tension, with the ability to increase speed to 80 m/min at reduced tension; speed and tension control accuracy of 0.1 percent to achieve control of critical material processes; and improved spreader design for better control of low ends-per-inch fabric. The line is the second Rajashree Polyfil has ordered from Litzler over the past three years.

 

SCA invests in India

  1. Company:Founded in 1929 by Ivar Kreuger in 1929 as a holding company for ten Swedish forest industry companies, Svenska Cellulosa Aktiebolaget (SCA) is a Swedish consumer goods company and pulp and paper manufacturer with headquarters in Stockholm. It has approximately 45,000 employees and a turnover of approximately SEK 107 billion (?11.3 billion). Its main products include personal care products (incontinence products, baby nappies and feminine hygiene products), tissue (toilet tissue, kitchen towels, handkerchiefs, napkins etc.), packaging, publication papers, solid-wood products and forest-based biofuel. The company's ten largest markets are Germany, United Kingdom, United States, France, Sweden, Italy, the Netherlands, Spain, Denmark, Australia, Mexico and Belgium.
  2. Investment Size: USD 23.34 Million
  3. iii. Type: Expansion
  4. Reported on: iv. September, 2013
  5. Reference:

http://www.sustainablenonwovens.net/index.php?Itemid=2&option=com_content&view=article&id=11911:sca-invests-in-india&catid=9:consumer-products
                                                                            
SCA is to invest around SEK 150 million in the local production of nonwoven-based hygiene products - Tena incontinence pads, Tork femcare and Libero baby diapers, as well as Tempo tissue - in southwest India. Production at SCA's own plant is planned to commence in 2015.

 

Japan's Unicharm Corp setting up USD 39 Million manufacturing facility at Sri City

  1. Company:i. Unicharm was established in 1961 at Tokyo, Japan. It is one of the world's leading companies in manufacturing and distribution of baby care products, feminine care products and pet care products. Unicharm India is a wholly-owned subsidiary of Unicharm Corporation, a Japanese manufacturing company of health & hygiene products. In 2008, Unicharm set up its local head office at Gurgaon and also a production facility at Majrakath in Rajasthan.
  2. Investment Category: FDI
  3. Segment: Meditech
  4. Type: Expansion
  5. Reported on:October, 2013
  6. Reference:

http://www.business-standard.com/article/companies/unicharm-corporation-to-invest-rs-250-crore-in-sri-city-113102800682_1.html
                 
Japan-based baby care products manufacturer Unicharm Corporation is setting up its manufacturing facility at Sri City Special Economic Zone with an investment of USD 39 Million. The Unicharm factory at Sri City will be conceived in phases. The initial phase of the factory is planned to be completed by July 2015. During this phase it will offer jobs for around 400 persons. In its final phase of operation it will required 1000 persons with a preference to women workers.

 

Jajoo and Investkonsult set up JV to make hygiene products

  1. Company: i. Company: Founded in 1929 by Ivar Kreuger in 1929 as a holding company for ten Swedish forest industry companies, Svenska Cellulosa Aktiebolaget (SCA) is a Swedish consumer goods company and pulp and paper manufacturer with headquarters in Stockholm. It has approximately 45,000 employees and a turnover of approximately SEK 107 billion (?11.3 billion). Its main products include personal care products (incontinence products, baby nappies and feminine hygiene products), tissue (toilet tissue, kitchen towels, handkerchiefs, napkins etc.), packaging, publication papers, solid-wood products and forest-based biofuel.
  2. Segment: Meditech
  3. Type:iii. Joint Venture
  4. Reported on: iv. November, 2013
  5. Reference: http://www.nonwovens-industry.com/contents/view_breaking-news/2013-11-18/jajoo-and-investkonsult-set-up-jv-to-make-hygiene-products/

Sweden-based Investkonsult and India located Jajoo Surgicals Pvt. Ltd. have set up a joint venture to manufacture hygiene products at Dewas near Indore in India. The JV will produce underpads, booster pads and maternity pads and is slated to begin commercial production by mid-December 2013. Investkonsult has brought in two used European lines; one line to manufacture traditional underpads and one line for production of insert and booster pads. The lines were refurbished in Sweden before shipment, but the main refurbishing work has been done in India itself. The JV has also purchased additional new machinery, including a new glue-station including hoses and head from Valco Melton, a new SAP application system and a new PLC system designed in India.

 

Home textiles brand Maspar opens one more store in Delhi

  1. Company:Maspar was set up in the year 2002. With over 40 years of experience in manufacturing and supplying to international brands, Maspar was set up specifically to cater to the Indian market and the products are designed according to international trends. Maspar operates through its 9 exclusive stores in India, and has expanded its presence in 35 different locations since the last 4 years in Home Dcor Stores, and is further expanding their presence in Independent retailers across India and in the international market.
  2. Investment type: Expansion
  3. Reported on:August 06, 2013
  4. Reference: http://www.fibre2fashion.com/news/textile-news/newsdetails.aspx?news_id=150062

Maspar announced the launch of its exclusive store at Mathura Road. One of country's leading home decor brands in woven fabrics, Maspar targets the urban educated Indian with an inclination towards modern and luxurious living. With the launch of this store, the store count of Maspar in Delhi/NCR will be five with three stores in Delhi at Select city Walk, Saket, South Extension-II and Mathura Road respectively, one in Noida and the other at Gurgaon.