Coimbatore-based KPR Mill is looking at aggressive expansion with a focus on the garmenting sector. The company, since its inception in 1996, had an integrated facility with combined capacities in spinning, knitting, processing and garmenting. As of now KPR has 10 state-of-the-art production facilities at: Sathyamangalam, Neelambur, Arasur, Karumathampatti, Tirupur and Perundurai in Tamil Nadu. Over the ye ars, its spindleage has increased to 3.54 lakh spindles from 12,000 at the beginning. However, in the last year KPR has stopped expansion in the spinning space and started focusing on garmenting and knitting.
It expanded its Arasur garment facility, upgrading capacity by 10 million pieces with an outlay of Rs 25 crores last year. It also took up greenfield expansion of Thekkalur at an investment of Rs 75 crores and strengthened its garmenting capacity from 37 million pieces a year to 59 million.
The company has been exporting 30 per cent of its products to international markets. Europe is a major market, followed by the US and Australia. It would like to focus more on the US and other markets such as Brazil and Japan going forward. The total garmenting capacity has gone up from 37 million pieces a year to 59 million pieces. KPR also has a 93 MW of green energy of which 63 MW is from the windmills and 30 MW from co-gen, meeting 75 per cent of its power requirements.
KPR’ net profit was up 28 per cent at the end of the first quarter of the fiscal 2015-16 as against the corresponding quarter of the earlier year. Revenues shot up five per cent and garment turnover was up 19 per cent.
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