Coimbatore-based KPR Mill is going to expand its garment production capacity from 59 million to 95 million pieces per annum in an effort to become the largest garment manufacturing company in India. The company has now initiated significant capacity expansion in its processing facility with advanced cold processing technology to meet the additional requirement. The company is going to expand its daily capacity from 25 MT to 50 MT at a cost of US $ 18 million (Rs. 120 crore), which will be funded through internal accruals and debt. It will take almost nine months to complete this expansion, which will make the company eligible for 10 per cent capital subsidy under the Amended TUF scheme. Spearheaded by K P Ramasamy as the Chairman, and P Nataraj and K P D Sigamani as Managing Directors , KPR Mill’s current market capitalisation stands at US $ 471 million (Rs. 3,059.85 crore). With the group turnover of US $ 395 million (Rs. 2,566 crore) in last fiscal, it exported garments worth US $ 79 million (Rs. 511 crore).
Providing employment to around 4,400 people and recording a rise of 13.78 per cent in its net profit in the fiscal 2015-16, KPR Mill offers products in 100 per cent knitted essentials like leggings, cami, polo, T-shirts, PJ set, underwear, outerwear, and vest for men, women and children.
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