SUSTAINABILITY

Welspun announces capacity expansion in home textiles

Posted on Author The Textile Magazine Comments(119)
B K Goenka, Chairman – Welspun Group

Welspun has approved capacity expansion plan for the Home Textile business through debottlenecking and rebalancing of facilities at Vapi and Anjar. It will be a capital light, quickturnaround expansion, resulting in increased capacity of Towels by 7%, Bed Linen by 20% and Rugs& Carpets by 80%. The company is expected to spend around ₹ 2,250 mn for the expansion over FY21 & FY 22. The benefits of this expansion will start accruing in phases from as early as Q1 FY22. Thisexpansion has a revenue potential of ₹ 12,000 mn from second year of operation.

Welspunhas re-calibrated its investment in Advanced Textile expansion project reducing the sizeof investment from ₹ 4,957 mn to ₹ 2,996 mn. The new Disinfectant wipes line is expected tocommence production in February 2021 while the expansion of Spunlace business is expected tocommence operations by September 2021. These would help this business achieve topline of around₹ 6,000 mn by FY 23.

Capex:

Till date Welspun has spent ₹ 2,930 mn in capex and for the full year it is expected to be around ₹ 5,000mn including the investment announced for the home textile business. The company’s net debt is expected to remain below ₹ 24,000 mn as on 31st March 21.

Welspun’s flooring business has been witnessing steady growth. Hard flooring plant is running at optimum capacity due to the strong demand and order book.While the capacity of the hard flooring plant has been doubled in January 2021, it is being furtherdoubled by Q2FY22 to cater to the growing demand. Soft flooring has also started gaining tractionwith strong enquiries from US, Canada & ROW. In order to optimize capacity utilization of the softflooring plant, Welspun plans to produce rugs and carpets for its Home Textile customers from Welspunflooring facility, as its facility at Vapi is running at peak capacity

Mr. B.K. Goenka, Chairman, Welspun Group, said, “I am pleased withthe all-round performance during the quarter. In tough times, the Welspun family has been at the forefrontconverting challenges into opportunities and 2020 was no different. We worked harder than ever before &our efforts are being recognized by clients & other stake holders.

Over the past few years we have made significant investments in the areas of sustainability, circularity,“SPUN” including amongst others, and going forward we are bringing all such initiatives under overarchingframework of ESG. We have achieved high rating for ESG by one of the leading global rating agencies andthe Board is committed to accelerate this process to take it to the next level.

We continue to pursue our differentiation strategy through branding and innovation, coupled with thethrust on digitalization and E-commerce initiatives. We are well poised to meet the increasing demandemanating from the structural shift in the global home textile industry”.

The Textile Magazine
https://sustainabilitytextile.com/

Related Articles
SUSTAINABILITY

Sustainability: The Prime Focus for the U.S. Cotton Industry

Posted on Author The Textile Magazine

Since Covid-19, it has been observed globally that sustainability has been one of the topics that has gained attention among the brands, retailers and consumers. On one hand, there has been a shift in consumers’ choices for more sustainable products, and on the other hand brands and retailers are choosing sustainable practices throughout their supply […]
SAFETY SUSTAINABILITY

SPGPrints to bulk produce Rapid Test Strips for COVID-19 testing

Posted on Author The Textile Magazine

Speedy availability of rapid test devices for testing COVID-19 across the societies is an urgent requirement. And SPGPrints, with its expertise in biosensors and creating fool proof and reliable systems, is in the process of developing several production lines to produce the rapid test strips for COVID-19.   Innovative Printing Solution The use of biosensors in […]
SUSTAINABILITY

More sustainable denim with Lee x H&M collaboration

Posted on Author The Textile Magazine

Now, a higher degree of sustainability is a reality in Lee denim thanks to H&M’s collaboration. The positive change will be visible at every stage of design and production – from H&M’s first ever 100% recycled cotton jeans to back patches made from cork and jacron paper. In a first, H&M will also share Life […]

119 Replies to “Welspun announces capacity expansion in home textiles”

  4. priligy and cialis together Generic Cialis Once a Day Daily Dose FREE Shipping in discreet packaging FREE Pill Splitter Crusher FREE Pill Carrying Case Keychain Quantity 14 Tablets Subscription Plan Renews every 7 weeks Retail value 99 Discount will be applied in cart with your Groupon voucher code or other promo code

  18. com 20 E2 AD 90 20Do 20I 20Need 20Viagra 20 20Viagra 20Picture 20Tablet do i need viagra The boys, 5 and 7 years old, were sleeping at a friend s apartment above a reptile store in the Eastern Canadian town of Campbellton when the exotic snake escaped its enclosure, according to a statement from Constable Julie Rogers Marsh cialis generic tadalafil

  24. Breast cancer most often recurs within the first three to five years after the initial treatment clomid fast shipping Beijing willalso push ahead with efforts to cull excess industrial capacitya year earlier than planned even as economic expansion slows

  36. Randomized controlled trials of tamoxifen versus placebo clomid Subsequently, a randomized phase II trial conducted in 207 patients with known ER positive HER2 positive metastatic breast cancer recently reported a doubling of PFS with the addition of trastuzumab over anastrozole alone 4

  46. If you re middle aged and choose monovision, then that may or may not be so what is priligy SGMS1 AS1, a lncRNA located on the antisense strand of sphingomyelin synthase 1 SGMS1, may play a role in D609 induced apoptosis in U937 human monocytic leukemia cells 20

  118. Always choose real food over processed food nolvadex 10mg tablet The ILM of Prss56 mutant mice Prss56 Cre gclr4; R26 tdTomato at P6 is marked by regions of increased endfeet complexity arrow head compared to the ILM of control mice Prss56 Cre; R26 tdTomato

Leave a Reply

Your email address will not be published.