Home / Knowledge / News / Textiles / Shri Lakshmi Cotsyn aims to double production
Shri Lakshmi Cotsyn aims to double production
12
Sep '09
Shri Lakshmi Cotsyn, a textile major based at Kanpur intends to expand its existing verticals. The company, aims to double the production of its denim, terry-towel, bed-linen and cotton products in coming 12 months and has allocated Rs. 27 billion for this expansion.

This project expansion will assist the textile major to achieve a turnover of Rs. 14 billion, by June 2010, against Rs 9.37 million at present. The required funds will be raised through a combination of equity capital, internal accruals, FI funding and a public offering (FPO).

Under this expansion plan, the company will earmark Rs. 3.78 billion for terry-towels to raise its capacity from 3,000 tons to 15,000 tons per year. It will also establish a 12 MW co-generation agro-based power plant for 100 per cent captive consumption and will invest Rs. 0.75 billion for it.

In addition to this, it will invest Rs 1.6 billion in fabric manufacturing, Rs 1 billion in black-out curtains, while and Rs 3.5-4 billion in backward integration of its existing facilities. The company aims to have strategic alliances with domestic as well as foreign buyers to expand its dealer network.

Revenue of the company has been increasing at a CAGR of 46 percent since last four years. It aims to lead the market in all its operating verticals and to expand the business in most of the foreign countries, while domestic market is its initial target. For this, it will expand its retail outlets in India by June 2010.

The existing count of company's retail outlets in the country is 500, which it plans to swell up to 1500. Currently, the company has five manufacturing facilities in Uttar Pradesh, Haryana, Uttarakhand and Noida.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 23rd Jun 2017

Textile ministry organises training workshop on GST

The ministry of textiles had organised training workshop on GST which ...

Apparel/Garments | On 23rd Jun 2017

Uware Brands into licensing agreement with Polaroid

Uware Brands has entered into a licensing agreement with Polaroid for ...

Textiles | On 23rd Jun 2017

Ralph Lauren ex-president Tiger of Sweden's new CEO

Hans-Christian Meyer, former president of Ralph Lauren Corporation,...

Interviews View All

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
June 2017

June 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search