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Sarla Performance Fibers to invest $13.8 million to set up facility in USA

26 Dec 2012 Evaluate

Sarla Performance Fibers, a 100% EOU engaged in the manufacturing of yarn and threads, will locate its new manufacturing operation in Colleton Country, South Carolina, USA. The company is investing $13.8 million into the business which is expected to create 100 new jobs in Colleton. The plant will import polyester chip and produce POY & DTY that is NAFTA/ CAFTA compliant. 

The transaction is being funded via a combination of $10 million debt while the remainder is from internal accruals. Expansion or setting up of new textile plants targeting the apparel industry in the US is becoming more attractive as a result of NAFTA & CAFTA agreement which make imports into the US extremely uncompetitive.

The company, which is based in Mumbai, India and has manufacturing facilities in Silvassa and Vapi will  establish a new yarn and thread manufacturing facility in Colleton Country under the name Sarlaflex, Inc  (a wholly owned subsidiary) located at Industrial Park in Walterboro.  The facility will serve customers in the apparel and upholstery markets. The new plant is expected to commence operations in the first quarter of FY13-14.

Additionally , Sarla has a very strong customer base enjoying valued relationship with renowned brands  all across North and Central America and this facility will give the company an even better customer reach and understanding of their requirement which in turn would strength and deepen its associations  with customers .

Sarla Perform. Fiber Share Price

90.34 0.96 (1.07%)
17-Apr-2026 16:59 View Price Chart
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