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History of Atlantic Spinning & Weaving Mills Ltd.

HISTORY OF THE COMPANY

The Comp. was incorporated as a Public Limited Comp. on 4th April, 1986. In the year 1987 it took over an existing Textile Unit of Chowgule and Co. Pvt. Ltd as per memorandum of understanding dated 24th September 1987 [copy enclosed as material documents] & commenced commercial operations in the year 1988. With the deft handling by new management the unit has been consistently making profits from the very first year of operations.

The Comp. has its manufacturing unit at Xeldem in the State of Goa. It has a vast marketing set-up all over India at centres like Bombay, Delhi, Madras, Hyderabad, Erode, Surat, Kanpur, Meerut, Bhilwara, Ludhiana & Amritsar. The manufacturing units are well connected with rail, road & air & has a seaport very near for export. The Comp. is presently implementing a modernisation-cum expansion project.

The Comp. manufactures a wide variety of blended yarn, like viscose acrylic, cotton, polyester yarns as per market demand including slub yarn. Most of machines are rated & constitute the latest technology including computerised controlled process which results in negligible wastage & superior quality of finished product. Over the years the product has been very well received in the market.