KPR Mills to set up new garment production facility

As per a report by the Hindu, Coimbatore-based KPR Mill plans to invest Rs 250 crore this financial year to set up a new garment production facility.

The plant will produce 42 million pieces of garments a year and will take the total garment production capacity of the company to 157 million pieces a year. The additional capacity produced by the plant will be exported to new and existing customers. The plant will commission production in the first quarter of the next financial year.

Earlier, the company had planned to expand its facility in Ethiopia too. However, it finally decided to concentrate only on India. It will ramp up the capacity of its new plant gradually.

There was a lot of panic and fear in the market in March-April because of the spread of COVID-19. The market started picking up in August and the company has been registering good demand for its products since.