Himatsingka, a vertically integrated home textile major with a global footprint is planning to increase it sheeting capacity. It has manufacturing facilities at Hassan in Karnataka which it plans to expand. Their plans include increasing sheeting capacity, backward integration into spinning and a foray into terry towels. The group is doubling its existing sheeting capacity from 23 million mt. per annum to 46 million mt. per annum. The company will be installing for the first time 2, 11,000 spindles as a part of its backward integration into spinning. The group’s entry into the terry towel segment will see it setting up a capacity for 25,000 tons per annum. Expansion is progressing as scheduled, with the group estimating to commission its enhanced sheeting capacity by June 2016.

The company remains focused on sweating assets across the group in order to drive operating performance. It expects to see better operating performance by its manufacturing and distribution divisions, which would be further aided by the new sheeting capacities that are expected to be on stream in financial year ’17.

The group has over 12 brands globally, including marquee brands like Calvin Klein Home, Barbara Barry, Esprit, Bellora and Atmosphere. It also has a strong foothold in the private label space.

www.himatsingka.com/