07 October 2022, Mumbai:
Page Industries is setting up a new facility in Orissa. This will significantly increase the company’s manufacturing capacity. The upcoming facility is spread over 6.5 lakh square feet and will add at least 20 per cent to capacity. It is expected to be completed by mid fiscal 2023.At the same time, the company will increase its sourcing from Bangladesh which was started almost one and a half years back since Bangladesh is advanced in terms of quality and the cost of labour is also cheap.
Page Industries, the exclusive licensee of the American clothing brand Jockey, produces 260 million garment pieces annually, with 70 per cent of the volume produced in-house and 30 per cent outsourced. It has 14 manufacturing units. For Page Industries, the sales momentum picked up significantly after the setbacks of the global pandemic. The premium innerwear and athleisure marketer saw increased momentum in sales across all product categories backed by expansion in its portfolio and existing network and is well poised and remains optimistic on delivering sustainable growth in the foreseeable future. During the second quarter the company added 13,950 multi brand outlets and 54 exclusive brand outlets to feed the robust demand in the three-month period.
