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PIONEER EMBROIDERIES: CONSOLIDATING RAPID GROWTH (emerges as one the largest crochet lace manufacturing company in the world with 2,148 million stitches per annum).

Asia Africa Intelligence Wire

| December 31, 2003 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From India Business Insight)

Pioneer Embroideries Ltd (PEL) has emerged as the number one embroidery company in the country.

It is also one of the largest crochet laces manufacturing company in the world. Its manufacturing capacities are 2,148 million stitches per annum and 37.24 million metres of bobbin lace per annum.

PEL has acquired Fancy Corporation and its brand Hakoba as also Salzar Corporation and JJ Textiles. PEL began operations …

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