Chennai, Oct. 31
VISHNU Fabrics (P) Ltd, a manufacturer of high tenacity advanced technical textiles to reinforce roads and buildings, plans to go for backward integration to produce sand to finished composite fabrics at a cost of Rs 18 crore.
The company based in Srivilliputtur, Tamil Nadu, has been promoted by Mr P.D. Sundar Raja and the Tamil Nadu Industrial Development Corporation.
It plans to tap the capital market in 2006, according to a press release.
The unit makes speciality coated glass fibre technical textile mesh fabrics for reinforcing roads, gypsum walls and plaster; alkali resistant mesh to reinforce cement plaster; glass mesh for external insulation finishing system, glass geo-textiles for preventing soil erosion; glass mesh jointing self-adhesive tapes for jointing gypsum and calcium silicate boards; and Cenfill glass fibres for fibre reinforcement for cement and gypsum.
The full-fledged glass fibre fabric processing and coating plant, set up at a cost of Rs 16 crore, is a 100 per cent export-oriented unit that plans to exploit the domestic market also. Major consumers would be infrastructure companies in road construction and building interior finishers. Vishmat, its brand, has registered an Indian process patent for the technology development in-house.
It has started exports to the UK, South Africa, Israel, West Asia and the American markets. It has a liaison office at Dorset, the UK, to tap the European markets and has a representative in Shenzen, China, to reach the Far East.
It also plans to introduce quake resistant composite fabrics from a combination of glass, carbon and aramid materials.