Pioneer Embroideries’ DDPY plant expansion nears completion

19 Oct 2016 Evaluate

Pioneer Embroideries’ major expansion project at its Dope Dyed Polyester Yarn (DDPY) plant at Kala Amb, Himachal Pradesh, is currently in full swing and is expected to be completed in January, 2017. The ongoing expansion shall have an outlay of approximately Rs 35 crore. Consequent to the completion of the ongoing expansion, there shall be a significant increase in sales of the DDPY business. The EBIDTA margins are also expected to grow significantly as the product portfolio shall have more value-added products.

Pioneer Embroideries is one of the largest manufacturer-exporter of embroideries, Torchon/Bobbin laces, Raschel laces and other garment accessories. It is also the proud owners of the no.1 retail brand for embroidered clothing ‘Hakoba’.

Pioneer Embroideries Share Price

44.65 0.55 (1.25%)
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