DS Group owned Unitex becomes India’s largest selling rubber thread brand
Unitex Press Release, Delhi, 11 May, 2010
Unitex, a brand owned by Dharampal Satyapal Group (DS Group) has become the biggest brand of rubber thread in the country, in less than 4 years of operation. Abhisar Buildwell Pvt Ltd, the subsidiary of the conglomerate DS Group, that owns Unitex, has the unique distinction of acquiring 4 international quality certifications simultaneously and taking over its nearest competitor both in terms of turnover and tonnage.
DS Group, a Rs. 1600 crores multi diversified conglomerate with leadership across a wide spectrum of industries, ventured into the rubber industry with its state-of-the-art rubber plant in Agartala in August, 2006. The heat resistant latex rubber thread (HRLRT) plant in technical collaboration with an European company was set up in the Bodhjungnagar Industrial Growth Center in Agartala. Rs.80 crores has been invested till date in two production lines that have a combined installed capacity of 5000 MT per annum.
Rubber thread has wide applications in various products like Elastic Tapes for inner wear, sportswear, wrist-bands, socks, diapers, surface furnishings, chords to name a few. “The organization is now set to add two more production lines at the cost of Rs. 20 crore in the coming three years which will lead to a substantial capacity expansion. We are also looking at diversification into latex products like tyres and tubes”, said Mr Vipul Sharma, Vice-President, Corporate Projects, Dharampal Satyapal Ltd.
India’s current rubber thread need is pegged at 12000 tonnes per annum. Unitex not only supplies rubber thread domestically but has also just fulfilled their first order from Bangladesh.. Since the company’s plant is located only about 20 kms from Bangladesh border, continuous efforts have been made to export rubber thread to the neighboring country. The Bangladesh market is currently catered by imports from ASEAN countries like Malaysia and Thailand since there is no manufacturing unit of rubber thread in Bangladesh.
About DS Group: Dharampal Satyapal Group (DS Group) is more than Rs. 1200 crores diversified conglomerate, committed towards premium quality products & credited with several innovations over last seven decades. A value-driven corporate, DS Group has further consolidated its position in the last six years through successful forays into diversified sectors like Mouth Fresheners, FMCG, Hospitality, Packaging, Rubber thread and non tobacco pan masala.
Pass Pass, Rajnigandha - the non tobacco Pan Masala ,Catch Spring water, Catch flavoured water, Meetha Mazaa, Catch Spices, Catch ready-to-eat snacks, The Manu Maharani – Deluxe resort in Nainital are some of the leading brands the group proudly shelters today.
CSR Initiatives of DS Group: DS Group has chosen to mesh their social commitment into business vision. The Company has been working in North East, on a wide range of CSR programmes from education to health and self reliance for tribal and ethnic communities. DS group has also undertaken many other charitable activities in other states like Uttar Pradesh, Delhi & Himachal. The company believes that economic empowerment of individuals transforms them into powerful agents of social change.
For further information, please contact
Bhavna Sood,DS Group. 9810101865
Lexicon PR
Nalini Rao/Archana Surya
9899233185/9711924473?
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