One of the top three players in Resorcinol Formaldehyde Latex (RFL) dipped fabric for tyre and rubber component industry, Ahmedabad-based Sanrhea Technical Textiles is set to double its manufacturing plant of non-wovens. The company is scouting for land to set up a greenfield plant for manufacturing non-woven fabrics for tyre and rubber components industry.
“With the automobile industry growing in the country and especially in Gujarat, we have planned to set up a greenfield manufacturing facility to expand our capacity. Due to scarcity of land in Kalol, we are scouting for land near Ahmedabad which will have an added advantage of proximity to the city,” said Tushar Patel, managing director of Sanrhea Technical Textiles Ltd.
At a capacity of 150 tonnes currently, the company manufacturers of RFL dipped specialised fabrics for the tyre, conveyor-belt, and rubber component industry in India.
According to Patel, the company is looking at add another 200 tonnes of specialised fabrics manufacturing capacity at the new greenfield plant. For this, Sanrhea Technical Textiles is looking to invest about Rs 50 crore.
“We will be playing within the field of mobile textiles or mobi-tech but have started concentrating on fabrics for the bonding of very specialized and critical rubber components or products. All our future growth is targeted towards that,” he added.
The company is also bullish about the upcoming car manufacturing plants of Ford India, Maruti Suzuki and Peugeot in the state of Gujarat. “We will be supplying these specialised fabrics to auto component manufacturers who are vendors of the likes of Ford and Maruti.
This has exhibited extensive growth potential for our business in the coming days,” said Patel.
Among its clientele include the likes of Phoenix Conveyor-Belts India Pvt Ltd. (A Continental AG Company), Sempertrans Ltd, MRF Ltd., Apollo Tyres Ltd. Sundaram Auto Components Ltd., and Zenith Rubber Products Pvt Ltd., among others.
For the financial year 2011-12, the small and medium enterprise (SME) pegged a turnover of Rs 29 crore.