Tuesday, 17 May 2011

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Yarn maker Trident weaves profits on spiralling prices

  • Tuesday, 17 May 2011
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  • Small-sized textile companies - primarily into manufacturing of yarn - have been doing brisk business in recent months. In the last three quarters, the prices of yarn have increased by around 48%, while prices of cotton, a major raw material, have risen by just 31%. This has helped companies that derive a substantial chunk of their revenues from manufacturing yarn. A case in point is Trident (



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