Pioneer Embroideries Limited Appoints Deepak Sipani as Chief Financial Officer

Pioneer Embroideries Limited is an India-based manufacturer of special polyester filament yarn (SPFY), embroidery and lace products. The Company manufactures and exports embroideries, torchon/bobbin laces, raschel laces and other garment accessories. The Company is associated with the retail brand for embroidered clothing, namely Hakoba. The Company’s products include apparels, dope dyed polyester yarn, elastic, embroidered fabrics and laces, fancy laces, flat bed knitted laces, motifs / collars / necks, and torchon / bobbin laces (crochet). The Company’s brands include SILKOLITE and HAKOBA. It has a yarn capacity of approximately 18,000 million tons per annum. It has a capacity of approximately 14 mn meters for braided laces and approximately 1,200 mn stitches of embroidery. The Company has a SPFY manufacturing facility at Himachal Pradesh, and two embroidery and laces manufacturing facilities in Gujarat, Dadra & Nagar Haveli.