One of India’s largest home textile manufacturer, Indo Count Industries has announced massive expansion plans!
The company has planned expansion of its bed linen capacity by about 20 per cent from its existing annual capacity of 90 million metres by debottlenecking and balancing its facilities.
The Mumbai-based company also proposes to make a brownfield investment for adding commensurate cut & sew facilities and for enhancing the capacity for Top of the Bed (TOB) products. This will entail a capex of about Rs. 150 crore.
Notably, the total capex will be about Rs. 200 crore and will be funded by a mix of internal accruals and debt and is expected to be operational in H2 of FY 2022.
Apart from this, the company is also focusing on modernisation with the existing spinning unit of the company to be modernised with compact spinning technology. This will entail a capex of about Rs. 50 crore.
Post modernisation, this capacity will also be used for captive consumption in the home textiles unit.
These investments are expected to increase the revenue by about Rs. 600 crore over the next 2 years, post commissioning.
Anil Kumar Jain, Executive Chairman of the company said, the investment in modernisation and technological upgradation will further enhance the company’s product offering capabilities to customers and grow the market share of the company in bedding products category.