Tynor Orthotics, a manufacturer of orthopaedic products, has established a new textile unit, Ortech Textiles, in Mohali, Punjab. This investment was made with a capital of US $36 million for an introduction to backward integration and is 100% produced without Chinese imports.
Tynor currently operates a Rs. 600 crore (US $ 72 million) production line, bound to grow to Rs. 2,000 crore (US $ 240 million) as the textile production is fully integrated. Tynor estimates the textile facility would create approximately 1000 to 1500 jobs. Chairman and Managing director Dr PJ Singh stated that the textile manufacturing facility was part of the company’s evolution towards being a self-sufficient manufacturer and providing the ability for customers to bypass sourcing textiles from China.
The opening ceremony was attended by Punjab Industries, IT & Labour Minister Tarunpreet Singh Sond and Mohali MLA Kulwant Singh. The plant will occupy a total of six acres of land and only accept technical textiles for Tynor at the plant, which will enhance product quality and reduce input costs.
Utilising new high technology textile equipment with 3D and jacquard knitting, lamination, and neoprene fabric systems, the facility is a driver for Tynor to vertically integrate its production capabilities for high-performance orthopaedic products.
Executive Director A J Singh announced plans for Tynor to double the workforce from the current 2,500 to 5,000 employees, and cited that state industrial policies were consistent with Tynor’s plans for growth.
Tynor currently exports to more than 60 countries and is planning to expand to 100 emerging markets. The new facility will be a game-changer for India for the global medical manufacturing businesses.
