Zenith Exports has stopped production at its spinning unit, Zenith Spinners, situated at Sarandi, Dholka, Ahmedabad due to adverse market conditions and steep competition from the modern units, equipped with the latest technology & machinery. This unit is a very old unit with old spindles, needs very much more manpower & electricity compared to modern units and therefore became unviable to continue the operations. Secondly the slowdown in China has also seriously affected the bottom-line of the unit.
The company has been incurring losses from operations of Zenith Spinners for last one year and to arrest that and to save the life of other units, the Management has decided to stop the production of Zenith Spinners & close the unit situated at Sarandi, Dholka, Ahmedabad with immediate effect.
Zenith Exports offers quality products including fabrics, made ups and accessories to the global furnishings and fashion trades and continues to be the first choice of many of the world’s top editors and jobbers.
