Special thread from Coats India

By Our Special Correspondent

BANGALORE, SEPT. 11. Coats India, a sewing thread major, which had a turnover of Rs. 425 crores last year, hopes to touch Rs. 550 crores by the year end, according to Mr. Ashok Mathur, Coats India.

At a news conference here at the launch of `KobanPlus', a special thread, exclusively dedicated to ColorPlus, a leading brand, Mr. Mathur said Coats India had a market share of 30 per cent and that the domestic thread market was growing at about 6 per cent. On the export front, the company hoped to touch Rs. 100 crores this year. Last year shipments were Rs. 75 crores. The company, he added, was doing well in the competitive markets, particularly in the Middle East.

He said the company was working with leading garment manufacturers to upgrade its sewing thread.

The special thread `KobanPlus' was a unique corespun thread with a continuous polyester filament core and cotton cover wrapped around it. This core gave the thread a high strength and ensured high seam strength. The product had been exclusively developed for ColorPlus.

The Managing Director of ColorPlus Fashions, Mr. Rajendra Mudaliar, said though the special thread cost three times more than the normal thread, there would not be an upward increase in the price of ColorPlus garments.

ColorPlus Fashions, he said, would be expanding its horizons by exploring the international market.

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Section  : Business
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