Himatsingka a vertically integrated home textile major that manufactures bedding, bath, drapery and upholstery, terry towel and bed linen is looking to enhance its manufacturing facility. Work has begun on an ultra-fine count cotton spinning facility. This facility, with an installed capacity of 2,11,584 spindles, will meet the cotton yarn requirements of the sheeting division. This will be the world’s largest cotton spinning plant under one roof. The integrated bed linen manufacturing facility, integrated ultra-fine count cotton yarn facility, and the integrated terry towel facility (proposed) are all located at Hassan in Karnataka, where as the drapery & upholstery manufacturing facility is located at Doddaballapur, Karnataka.
Himatsingka’s retail and distribution network caters to over 7000 points of sale at the global level. Armed with a strong portfolio of brands (both licensed and owned), the group is focused on strengthening its intellectual property portfolio across key global markets.
The portfolio consists of the most respected fashion labels as well as technology-driven brands that have led the industry. The group has been the leader in the branded cotton, track and trace space.
In fiscal year ’17, revenues from brands crossed Rs 1,000 crores and stood at approximately Rs 1,200 crores. Manufacturing revenues saw significant growth during the latter half of the fiscal. Himatsingka hopes to further improve utilization levels in the sheeting division. The new cotton spinning facility may be commissioned in the third quarter of fiscal year 2018. This will give the group greater control on the value chain and enhanced integration levels.