Supreme Tex Mart (formerly known as Supreme Yarns), the flagship company of Supreme Group is planning to establish a new Fashion Knitwear Unit. The company will install new machines for an additional capacity of 2,000 pieces daily. The implementation of the plan will start in the beginning of February 2014 and is expected to be fully operational by end of March 2014. The additional capacity will be installed in the existing unit. After commencement of this facility the company will be one of the leading manufacturer and exporter of knitwear in India.
The expansion has been undertaken keeping in mind robust demand for fashion knitwear from the European market and successful implementation of its earlier project within the same facility. The company envisages improvements in realizations and margins as there will be more focus on value added products. The expansion would take advantage of company’s existing association with high street retailers in Europe. The expansion will also further leverage in offering unique product into the market as the company has an established base of Ring Spun, Open End and Fancy Yarns.
Post expansion the -Supreme Group would provide employment to around 3,000 families across all business verticals and have 7 manufacturing units across 5 different locations in Ludhiana.