To compete globally, Mohali, Punjab based Tynor sheds dependence on China for all technical textiles and other soft materials, which account for major content in 75% of its product portfolio
Will save 25% on cost of raw materials and further improve quality
Mirroring the Indian industry’s resolve to end dependence on China for raw materials, components and ingredients, and compete with its products in the global markets, the country’s orthopaedic aids/appliances leader Tynor Orthotics, in a major push towards backward integration, has set up a technical textiles and other soft materials manufacturing facility at an investment of around Rs 300 crore.
The new unit, Ortech Textiles Pvt Ltd, spread over six acres in Phase 6 Mohali, was formally inaugurated by Punjab’s Minister for Industries, IT and Labour Tarunpreet Singh Sond on Saturday in the presence of Mohali MLA Kulwant Singh and Dr PJ Singh and AJ Singh, Managing Director and Executive Director respectively of Tynor Orthotics.
The facility with state-of-the-art machinery imported largely from Germany, Italy, Taiwan and Korea, will meet the complete requirements of technical textiles and other soft materials used in the entire portfolio of Tynor products. These raw materials are majorly used in more than 75% of the Tynor products, the rest 25% being chiefly metal products.
Interacting with your own news portal LifeInChandigarh.com ahead of the formal launch, Dr PJ Singh informed that with this expansion the Tynor Group has set afoot ambitious plans to become one of the leading global players not only in the field of orthopaedic aids/appliances but broadly healthcare and wellness as well.
Highlighting areas of Tynor’s focus to compete with Chinese products globally, he asserted “to beat China, we have to beat them in quality, we have to beat them in pricing, technology, productivity and sales and marketing. In the ultimate analysis, reducing the cost of raw materials and achieving economies of scale will be key to success.”
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The Tynor Orthotics MD shared that Tynor brand currently has presence in 60 countries, largely developing countries or emerging economies, which is sought to be increased to 100 countries. Additionally, Tynor will make a major foray into the developed countries through global retail giants like Walmart to market its products, he added.
Currently Tynor Orthotics has a turnover of Rs 650 crore, out of which exports account for little less than 20% (Rs 125 crore). With the new facilities, capacities have been scaled up to achieve a turnover of Rs 2,000 crore in the coming years.
Regarding employment opportunities, Dr PJ Singh said the new unit Ortech Textiles alone will employ a workforce of 1,000. Currently people with the required skill sets to run operations are not available, so we are adopting a few villages in our vicinity from where women and young boys, who are not educated enough and lack the skill sets, will be picked up for training in our own institute being set up for the purpose.
Making a statement on the work culture, he said, the entire workforce will be looked after well. Besides providing it a good working environment, it will enjoy facilities like on the house transport facilities, and food and beverages, etc. “Since we will be running the plants round the clock, in shifts, and we are planning to recruit 50% of the workforce from among women to empower them, the state government has been kind enough to grant us special relaxation in rules governing women working at night,” he shared.
Adding to the Dr PJ Singh’s assertions on employment, Tynor Orthotics Executive Director AJ Singh stated: “With the start of manufacturing at Ortech Textiles, plans are to increase employment at Tynor Group from 2,500 to 5,000.”
Detailing the state-of-the-art machinery installed at the Ortech Textiles unit, he said this included circular knitting, jacquard knitting, flat knit, 3D knit, narrow fabric machines, fabrication lamination machines, and neoprene laminated fabric equipment. These capabilities will give Tynor unmatched vertical integration in the production of technical textiles and orthopaedic components, he asserted.
