ShriVallabh Pittie To Build Spinning Plant In Georgia
ShriVallabh Pittie Group, India, is investing $70 million to build a yarn spinning plant near
Sylvania, Ga., and hire 250 employees.
The plant will manufacture carded cotton yarn and offer flexible production to meet market demand.
"We are very excited about this project, which is the biggest single investment in the U.S. cotton yarn sector in decades," said Vinod Pittie, chairman, ShriVallabh Pittie. "We believe there is a significant market opportunity for yarn manufacturing in Georgia due to a skilled local workforce, proximity to high-quality cotton fiber, the economical supply and reliability of power and world-class infrastructure to international markets."
ShriVallabh Pittie was established in 1898, and started its textile business, Platinum Textiles Ltd., in 2003 for the manufacture of cotton, polyester and blended yarn. Platinum currently has 13 manufacturing facilities and 140,000 spindles in operation, and plans to install 60,000 additional spindles in India.