Arvind PD Glass Composites is a joint venture between Indian textile company Arvind and Germany’s PD Fibreglass Group. Last week the company commissioned the first phase of its production facility to produce glass fabrics at Santej, in Ahmedabad, Gujarat.

The new facility will produce woven uni-directional and multi-axial glass fabrics along with stitched and combination mats, with the global market size for glass fabrics estimated at over 3 billion USD with an expected increase of over 6% in the next five years a large proportion of product manufactured at the new site will be marketed overseas.

The current Indian market for glass fabrics is estimated at Rs. 800 – 1000 crore, however due to increasing demands in the aerospace and automotive sectors the requirement is expected to grow at around 17% per annum.

The Joint Venture will have equity participation with a total investment of rs. 80 crore over the next three years. The goal of the facility would be to reach 30,000 MT per year of glass fabrics in the medium term.

Sanjay Lalbhai, Chairman and Managing Director, Arvind Limited said,

With the commissioning of this new facility, we have taken a major step forward in our long term strategy to develop the technical textiles business as a major growth engine for Arvind Ltd. in the coming decade. Over the next two to three years we expect this JV to post revenues in the range of Rs. 150 to 200 crore with a significant share coming from exports.

	Arvind Limited Arvind Limited Head Office Naroda Road Ahmedabad, Gujarat 380025 Indiawork Phone: +91-79-30138000work Fax: +91-79-30138680workfax
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Biography Arvind Limited is engaged in the manufacturing of textiles. The Company operates in three segments: Textiles, which include yarn, fabric and garments; Branded Garments, which includes branded garments, and Others, which includes electronic private automatic branch exchange (EPABX) and rural automatic exchange (RAX) Systems, information technology (IT) services and construction business. During the fiscal year ended March 31, 2011 (fiscal 2011), it produced 138.2 million meters of cloth, 0.1 million kilograms of yarn, 0.2 million lines of EPABX and 12.9 million numbers of garments. Its divisions include denim, woven fabrics, knits fabric, garment exports, advanced materials, Arvind brands, mega mart retail, the Arvind store, engineering, telecom and real estate. It has approximately 273 brand stores in addition to its 975 counter selling through multi brand outlets across India. In November 2011, the Company divested 40% interest in VF Arvind Brands Private Limited to VF Mauritius.

	PD Fibreglass Group PD Fibreglass Group Head Office Wellerswalder Weg 17 Oschatz, D-04758 Germanywork Phone: +49 (0)3435 65 70work Fax: +49 (0)3435 62 24 47workfax
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Biography The PD FibreGlass Group looks back at more than 50 years in the fibre glass manufacturing and processing industry. This outstanding, wide range of experience allows us to offer our demanding customers a complete range of fibreglass products, from fibre production and processing to coating textile fibreglass structures, and all from a single source. Individual and innovative product developments are realised thanks to the closest possible cooperation between our customers and the development department. Our quality and improvement standard is essential for the vertical integration of the individual production steps and allows our customers to significantly influence the product well before the manufacturing and coating of the strands, the weaving and the coating of the woven fabric, which guarantees our products are optimally processed.