Top 2 Garment Manufacturing Companies in Iraq

1 Sutlej Textiles

Founded in 1934 by Dr. Krishna Kumar Birla, Sutlej Textiles and Industries is Asia’s largest textile mill. Its roots extend back to pre-Independence India. Today, the company’s manufacturing facilities are spread across three states in India, producing an assortment of yarns, fabrics and other related items. Its flagship product, Face Mask, is a testament to the company’s dedication to quality. Its product portfolio includes drapery fabrics, home textiles and synthetic staple fiber.

The company also runs three manufacturing units in Rajasthan and Chenab. Its operations include dyeing, spinning, processing and finishing. Its products are manufactured under various brands, including American Silk Mills in the US, Nesstar in India and a host of other names. A total of 20,600 employees are employed at the company’s three mills, in addition to the ones at its various units.

The company’s Q4 EBITDA reached a healthy Rs 133 crore. The best part is that the EBITDA was up a whopping 206 per cent on the previous year. This is primarily attributed to the company’s eponymous flagship brand, Face Mask, which accounts for over one third of the company’s output. The company has also received an approval from the Competition Commission of India. The company is currently looking at setting up a green field project in Jammu & Kashmir. This project is estimated to cost Rs.914 crore, which will be financed through debt.

The company also cites a recent study by the Centre for Policy Dialogue that showed that the industry is currently seeing a slowing down in the number of woven garment exports. However, the report shows that the industry is rebounding in the early months of the current fiscal year. The good news is that there is evidence to suggest that the sector is refocusing on the alternatives. This is particularly evident in the light of the COVID-19 pandemic. It is also worth noting that the industry has recently launched a new website for its customers, aiming to make the buying process easier and more customer-centric.

The company’s top-notch quality Face Mask has been on the market since the company’s inception, but it isn’t just the company’s most impressive product. Its other, lesser known offerings include a range of multifold yarns, synthetic staple fiber and polyester fiber from PET bottles. The company has recently added an additional 120 metric tons per day of capacity for recycled polyester fiber. This is a fairly substantial increase in capacity for the company, which had a capacity of about four million pounds per day in 2008.

The company’s Q4 EBITDA is only a small percentage of its total income, which was over Rs. 817 crore in the first half of the financial year. The company’s most recent financial results for the quarter ended 30 September 2022 indicate that the company has successfully transitioned from being the country’s largest textile producer to a global leader in value-added synthetic yarn and other fabric-related products.

2 Nahar Spinning Mills Ltd

Founded in 1980, Nahar Spinning Mills Ltd is among the top garment manufacturing companies in Iraq. The company has the capacity to manufacture 40000 garments per day. It is also ISO 9002 certified. The company produces high-quality yarns and hosiery garments. It has received various awards and recognitions. It has an annual export turnover of USD 115 million. The products it produces are exported to Europe, USA, Japan, Korea, Taiwan, China and South East Asia. The company manufactures cotton yarns and specialized yarns.

The product portfolio of the company includes blended cotton, 100% cotton, airlet, PVA zero twist yarns, melange cotton, core spun yarns, siro yarns, and organic cotton. It also processes hemp, rayon, silk, jute, wool, and other fibrous materials. Moreover, the company also produces woven fabric and produces cotton/blend knitted hosiery garments. It also offers printing and finishing services. The products it sells are exported to India, Japan, the United States, France, the Netherlands, China, Hong Kong, Taiwan, and the UAE.

The company has been awarded Gold Trading House by the Government of India and recognized as Recognized Trading House by the Apparel Export Promotion Council. The company has a capacity to manufacture 0.4 million spindles and has the latest spinning machinery from Rieter, SSM Precision Winders, and Rieter Elite Ring frames. It has won many awards, including the National Export Trophy by the Apparel Export Promotion Council.

The company has a globalized production and distribution chain. It has a CP Programme of Rs 20 crore. It has an annual production capacity of 18,000 tons. In the financial year 2013-14, the company recommended a 20% dividend to its shareholders. It has issued 6,688 equity shares in abeyance. The company also raised capital through rights issue. It has five plants.

The company’s history includes a spinning plant, cloth trading, and capacity expansion. The company is also involved in community welfare. It has engaged in environment protection and is currently engaged in the development of SMART Textile and Garments, a European Union funded project. In addition to its textile operations, the company engages in a variety of other activities, such as knitting, hosiery garments, woollen products, and vegetable oils.

The company also has a Mercerizing Cum Dyeing Plant in Patiala, India. The company’s products are sold in the domestic hosiery garment market and are exported to reputed international brands. The company also has an ultra-modern facility to manufacture 90 lac pieces of hosiery garments. The company has also won a Bronze Trophy for the highest export of processed yarns. The company has earned the prestigious AEPC Achievement Award.

The company has also been ranked by Volza, a global directory of Cotton 100 knitted polo shirts for men. The company is a member of the Clean Clothes Campaign, which posts news and updates on Coronavirus COVID-19 on its blog. The campaign is part of a global network that collects and posts daily information about COVID-19.