 "KPR Mill to raise production by 50% in next 2 years")
Emergence of India as the second largest textile exporter in 2013 has geared up Indian textile players to increase their production. In order to meet increased demand in garment exports, KPR Mill, a vertically integrated textile manufacturing company, has initiated expansion plans in its garment business. Besides expanding capacity of its existing facility, the company is planning to set up a new facility near Tirupur (Tamil Nadu), the Asia's largest knitwear cluster.
KPR Mill will raise the capacity at its existing facility from 30 million pieces to 40 million pieces per annum. Since major infrastructures are already in place, its operation is expected during the first quarter of FY15.
In addition, KPR Mill is setting up a new unit with 12 million pieces per annum capacity at Thekkalur, near Tirupur. The company has already commenced the construction of the plant, which is expected to become operational during the fourth quarter of FY15.
These capacity additions are expected to enhance the overall garment operations by over 50% in two years.
KPR Mill will raise the capacity at its existing facility from 30 million pieces to 40 million pieces per annum. Since major infrastructures are already in place, its operation is expected during the first quarter of FY15.
In addition, KPR Mill is setting up a new unit with 12 million pieces per annum capacity at Thekkalur, near Tirupur. The company has already commenced the construction of the plant, which is expected to become operational during the fourth quarter of FY15.
These capacity additions are expected to enhance the overall garment operations by over 50% in two years.