Reliance Industries Ltd (RIL), one of the largest manufacturers of synthetic fibre in the world, has partnered with the Bhilwara-based Star Cotspin Limited, a leading manufacturer and exporter of sewing thread in India.
As per the agreement, Reliance’s Recron SHT will be the basic substrate for polyester sewing threads manufactured by Star Cotspin. This yarn will then be sold, co-branded with Recron SHT. Star Cotspin will be the first company in North India to be certified under the Recron SHT Branding Program.
Apart from branding the products, RIL will also provide marketing and technical support to Star Cotspin. RIL and Star Cotspin will jointly conduct research and development work to further enhance Recron SHT sewing thread’s quality and will also explore new business opportunities.
The partnership agreement was signed in New Delhi by Gunjan Sharma, Business Head, Polyester Staple Fibre Business, Reliance Industries Limited, and S K Chhajer, CEO, Star Cotspin. In recognition of the partnership, a memento was exchanged between the partners.
Reliance will also support Star Cotspin in creating awareness about standardised high quality sewing thread products among key stakeholders, especially spoolers and apparel manufacturers.
Star Cotspin is planning to undertake a 12,000 spindles expansion project. Six thousand spindles each is expected to be allocated to optical white and black yarn. The company expects to double the consumption of Recron SHT fibre by the end of 2017.
Star Cotspin is one of the largest grey sewing thread producers in India, having shown the fastest growth in recent years.