April 16, 2018 / 10:56 AM / 3 months ago

BRIEF-India's Angel Fibers Plans To Set Up New Denim Capacity Of 2000 Tons Per Year

April 16 (Reuters) - Angel Fibers Ltd:

* SAYS COMPANY ALSO PLANS TO SET UP NEW DENIM CAPACITY OF 2,000 TONS PER YEAR

* SAYS MANAGEMENT EXPECTS EXPANDED CAPACITY OF 10,440 TONS WOULD BE COMMISSIONED BY AUGUST, 2018

* IN PROCESS OF ADDING 20,064 SPINDLES TO CURRENT CAPACITY IN GUJARAT WHICH WOULD DOUBLEITS SPINDLES CAPACITY TO 39,684 SPINDLES Source text - bit.ly/2HF2CyY Further company coverage:

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