Delhi-based mattress producer Springfit plans to spend Rs. 5 billion over the next two years to expand its production facilities and marketing activities.
Delhi-based mattress producer Springfit plans to spend Rs. 5 billion over the next two years to expand its production facilities and marketing #
The company intends to set up four manufacturing units in metro cities to meet the demand of those specific regions, Economic Times said quoting PTI.
Delhi-based mattress producer Springfit plans to spend Rs. 5 billion over the next two years to expand its production facilities and marketing #
The four new facilities would enable them to deliver products to consumer’s doorsteps in a reasonably less time, Springfit Sales and Managing Director SK Malhotra informed PTI.
Delhi-based mattress producer Springfit plans to spend Rs. 5 billion over the next two years to expand its production facilities and marketing #
Mr. Malhotra also said the company intends to add around 35 exclusive showrooms to its existing strength of 12 showrooms, over the next two years.
Delhi-based mattress producer Springfit plans to spend Rs. 5 billion over the next two years to expand its production facilities and marketing #
On funding of the investments, Mr. Malhotra said that it would mainly be managed through borrowings from banks.
Delhi-based mattress producer Springfit plans to spend Rs. 5 billion over the next two years to expand its production facilities and marketing #
Springfit currently has a turnover of Rs. 500 million and the company intends to increase its annual sales to Rs. 2 billion by 2014.
Delhi-based mattress producer Springfit plans to spend Rs. 5 billion over the next two years to expand its production facilities and marketing #
Presently, the company undertakes production of spring mattresses in it two Haridwar-based factories. Besides, it has also set up a new foam-based mattress manufacturing facility at Meerut, which would commence commercial operations from coming January.
Delhi-based mattress producer Springfit plans to spend Rs. 5 billion over the next two years to expand its production facilities and marketing #
As per the industry estimates, only around 8-10 percent of India’s Rs. 70 billion mattress market is in organized segment.
Delhi-based mattress producer Springfit plans to spend Rs. 5 billion over the next two years to expand its production facilities and marketing #
Fibre2fashion News Desk - India