SYBLY Industries to increase capacity to 20000 Spindles

BSE listed SYBLY Industries Ltd, engaged into manufacture of Polyester Yarn and Embroidery Thread at its ultra modern, state-of-art manufacturing unit at Gaziabad has informed Bombay Stock Exchange that it will increase its polyester yarn manufacturing capacity to 20000 spindles from its current capacity of 10000 spindles  by getting yarn from running Mills on job work basis and is in talks with 3 manufacturers based in Punjab, Haryana & U P to manufacture 100 percent  Polyester Yarn using recycled fiber exclusively for Sybly, after which the profitability will go up sharply. “We will be a Rs 500 crore company shortly with   its  ventures in Turkey and USA have served us well and we plan to have strategic tie-ups over the next 2 years to achieve this target”, said Mahesh Mittal, CEO.