Welspun in bedsheet spread

November 2003
Colourage;Nov2003, Vol. 50 Issue 11, p81
Trade Publication
Reports that terry towel maker Welspun India is planning a foray into manufacturing of bedsheets with the establishment of a manufacturing facility near Vapi, India. Welspun's board has also chalked out the doubling of the company's existing terry towel line at Vapi to around 23,000 tons per annum at an estimated 200 crore Rupees. The company is targeting revenues of 750 crore Rupees, post-expansion from 300 crore Rupees at present. The funds for the expansion will be raised through debt as well as equity, with the board proposing to raise around 100 crore Rupees through issue of securities. Capacity expansion in the terry towel segment will include the setup of a new product line along with the elimination of bottlenecks in existing capacities.


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