Uniroyal Industries is going in for capacity expansion involving an outlay of Rs 6.75 crore. This will enhance the label manufacturing capacity from 736,850 square meters to 870,823 square meters. The enhanced capacity is likely to become operational in April, 2014.
Besides, HDFC bank has sanctioned term loan of Rs 4.90 crore for the same and the balance will be financed through internal accruals.
Uniroyal Industries is engaged in manufacturing of woven labels, tapes, and narrow fabrics for the garment, leatherwear, soft toys, headwear, linen, sports, and furnishings industries.
