Century Textiles & Industries Ltd:
Century Textiles and Industries Limited is concerned with manufacturing and selling pulp & paper goods besides textile and cement in India. It operates in several segments including Real estate, cement, textile, paper, and pulp. The company’s textile sector provides tire yarn, fabric, yarn, and viscose filament-based yarn. It produces fine fabrics, bed linen, and shirting.
This textile segment of the company is also responsible for leasing viscose filament yarn as well as the tire yarn plant. The segment of the company concerned with pulp and paper offers goods like tissue paper, packaging boards with multiple layers, industrial paper, writing paper, and printing paper. The cement segment of the company offers ordinary Portland cement, Portland Pozzolana cement, clinker, and Portland slag cement.
The Real Estate augment of the company deals with commercial, leased and residential projects. The company has its other segments engaged with chemical and salt works business and exports its products. This Mumbai based company was incorporated back in 1897.
About Company Information:
In 1960, the company signed a know-how agreement with two companies, one from Germany and another from Holland, Verinigts Glazstoff-Fabriken AG and Alemene, Kunstzigde Unie N.V. to set up two plants (cord plant and super two-tire yarn plant) which were to have a capacity of 6 ¼ tonnes every day.
In 1964, the company started producing several chemicals along with caustic soda. To have a smooth supply of standard salt to the caustic soda plant, the company set up a manufacturing facility at Jamnagar in 1969. In 1974 expanded its cement segment by setting up their first plant near Raipur in Chattisgarh which with a capacity of 0.60 million TPA production of their Portland Cement. In the next 6 years, in 1980 another plant wants set-up in Maihar (Madhya Pradesh) to produce 0.80 Million Tonnes Per Annum, this was the company’s second establishment in the cement segment.
In 1985, in the year 1985, at Gadchandur in Maharashtra, it founded the third Portland Cement plant which had a receptivity of 1 million TPA. In 1987, the company ventured into new markets including Japan, Taiwan, Hongkong, and South Korea. In 1990, the company was permitted by the government for its chemical segment to start-up use of membrane cell tech at their plant for caustic soda. In 1991, Century textiles were chosen by the Madhya Pradesh govt. To establish, maintain and operate a thermal power facility In the Chhindwara district with a capacity of 2x210 MW.
During 1995-1996, the company started to commercially produce in a new plant close to their previously existing one in Maihar. This plant was to have a capacity of 1 million TPA and would be the 4th Portland Plant for cement segment.
During 2007-08, the Century Textiles finished the up-gradation work that was being carried on in their cement facilities. This sort of upgradation enabled the plants to increase capacity to 7.80 million TPA starting from 1ST March 2008.
During 2008-09, the company sanctioned to custom-built tissue paper plant at Lalkua in Uttarakhand. This plant was to manufacture tissue paper and have a capacity of 100 tonnes every day. On the 4th of October 2014, CTIL declared that it has started production in its 2nd expanded unit at Manikgarh which has a capacity of 2.80 million TPA.
On the 1st of February 2018, Century Textiles and Industries Ltd informed that it had appointed a company named Grasim Industries Ltd for managing and operating the company’s Viscose Filament Yarn. The Board of Directors of CTIL met on 20th of May announcing the demerger of the cement segment. This draft scheme was approved based on dissociating the company from the cement segment on to Ultra Tech Cement Ltd. The company informed that this demerger was to deleverage the balance sheet of the company for expansion and growth of a better phase with the fundamental focus of the company now drawn to their real estate segment.
How Century Textiles & Industries Ltd, is categorised as Miscellaneous Sector, and Diversify Industry :
The Miscellaneous sector includes companies that make various items used by various industries that aren't classified into other specific industries. Century Textiles & Industries Ltd is categorised as Miscellaneous Sector and Diversify Industry. Diversified Industries covers a broad range of sub-sectors such as Building Materials & Construction, Automotive, Textiles, Transport & Logistics, Business Services, Capital Goods, Metals and Oil Field Services and more.
Century Textiles & Industries Ltd, Competitors and Sector Peers:
Ambuja Cements Ltd. AMBCEL
Andhra Cements Ltd. ANDCEM
Anjani Portland Cement Ltd. ANJPOR
Barak Valley Cements Ltd. BARVAL
Bheema Cements Ltd. CKOCEM
Birla Corporation Ltd. BIRCOR
Burnpur Cement Ltd. BURCEM
Chettinad Cement Corporation Ltd. CHETCE
Deccan Cements Ltd. DECCEM
Gujarat Sidhee Cement Ltd. GUJSID
Heidelberg Cement India Ltd. MYSCEM
India Cements Ltd. INDIAC
JK Lakshmi Cement Ltd. JKLAKC
Kakatiya Cement Sugar & Industries Ltd. KAKCEM
Kalyanpur Cement Ltd. KALYCE
Keerthi Industries Ltd. KEEIND
Lakshmi Cement & Ceramics Industries Ltd. LAKCEM
Mahendra Cements Ltd. MAHCEM
Mangalam Cement Ltd. MANCEM
Murli Industries Ltd. MURLIN
NCL Industries Ltd. NCLIND
Orient Cement Ltd. ORICEM
Panchmahal Cement Ltd. PANCEM
Panyam Cements & Mineral Industries Ltd. PANYCE
Prism Johnson Ltd. PRICEM
Rain Industries Ltd. RAINCO
Sagar Cements Ltd. SAGCEM
Samruddhi Cement Ltd.[Merged] SAMCEM
Saurashtra Cements Ltd. SAUCEM
Shree Cements Ltd. SHRECE
Shree Digvijay Cement Company Ltd. SHRDIG
Shri Keshav Cements & Infra Ltd. KATUDY
Sri Chakra Cement Ltd. SRICHA
The Ramco Cements Ltd. MADCEM
Trinetra Cement Ltd. INDZIN
Udaipur Cement Works Ltd. JKUDAU
UltraTech Cement Ltd. ULTCEM
UltraTech Nathdwara Cement Ltd. BINCEM
Vinay Cements Ltd. VINCEM