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Reliance Communications has made full repayment of two loans amounting to $1 billion (around Rs 6,000 crore), during the quarter ended June 30.The repayments have been from the company's rupee resources.

Business News

'UNITEX' gets 'OEKO-TEX International Certification'

Wednesday - Dec 22, 2010, 12:25pm (GMT+5.5)
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New Delhi -  'UNITEX', the largest rubber thread brand in India, has got 'OEKO-TEX International Certification', which is expected to boost its exports in various countries.

The brand 'UNITEX' is owned by Abhisar Buildwell Pvt Ltd (ABPL), a subsidiary of DS Group, Rs 1600 crore multi-diversified conglomerate.

"DS Group is a diversified conglomerate that started off as a tobacco company and now they are into a lot of sectors which include hospitality, infrastructure, food and beverage and so on. Recently, their rubber thread brand has rubber thread brand, Unitex has got OEKO-TEX International Certification," said Archana Surya, Senior Associate, Lexicon Public Relations and Corporate Consultants Ltd.

Oeko-Tex, a green certification is a prestigious global testing and accreditation. This certification is an endorsement for a product line free from harmful substances and the label reads "Confidence in Textiles-Tested for Harmful Substances". This certification gives the consumer the confidence and assurance of a safe product.

The Oeko-Tex certificate is issued by the internationally recognized Hohenstein Textile Institute, Germany, the official testing institute for this certification. The institute is globally acknowledged by all textiles and associated industries for quality textile products.

"UNITEX" is the only Rubber Thread brand in India to attain this certification for its range of black and white colour threads. This is a major achievement for ABPL as most large international textile manufacturers and exporters, whether in India or abroad, look for this certification while selecting suppliers for sourcing.

Rubber Thread is a base product for making elastic and other textile products popularly known as Narrow-Woven Textiles. DS Group ventured into the rubber industry in August, 2006, with its state-of-the-art rubber plant at Bodhjungnagar Industrial Growth Center, Agartala.

The heat resistant latex rubber thread (HRLRT) plant was set up in technical collaboration with a European company with an investment of Rs 80 crores and an installed capacity of 5000 MT per annum.


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