J.K. Spinning Mills Limited (PSX: JKSM) has announced a series of strategic upgrades aimed at boosting operational efficiency and profitability, including a Rs. 161 million investment in automation and a major shift in its yarn production setup.
In a stock filing, the company said it will add two state-of-the-art fabric stitching units i.e. an automated flat sheet cross hemming unit and a pillowcase side-closing unit, to streamline production, enhance consistency, and reduce labor costs. Letters of credit (LCs) have already been opened and funding arrangements are in place.
Separately, the company will convert a 34,224-spindle unit into an Open-End Spinning System with 6,000 rotors, enabling the use of Comber-Noil waste to produce sustainable PC yarns. Commercial production from this revamped unit is expected to begin in September 2025.
J.K. Spinning also revealed that it has already installed 7 MW of solar power and is in talks with suppliers to add another 7 MW. Financing for the expansion has been approved, which is expected to further reduce energy costs.
The company said these initiatives will enhance profitability and lay the foundation for long-term sustainable growth.
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Spinning Industry is already on its last stage. Due to multiple factors it is almost impossible to run a Textile Spinning unit.
Why?