KPR Mills of Coimbatore has announced that it is adding another 10 million garment capacity in its existing facility and also expanding the processing capacity to match the growing garment requirements. With this expansion, the total capacity is increased to 115 million garments per annum and processing to 22,000 MT per annum.
The company also recently announced commencement of commercial production at its first overseas facility in Ethiopia with an annual capacity of 10 million garments. It is also preparing a road map to venture into the retail segment.
KPR has emerged as one of the largest vertically integrated textile players with presence across the entire value chain, from “fibre to fashion”. The company clocked revenues of Rs. 2,460.33 crores, an increase of 11%. Out of the total revenue, domestic sales contribute 59% and exports 41%.
KPR has emerged as one of the largest knitted garment manufacturers in the country. Total production increased by 15.84% YoY to 68.66 million garments as against 59.27 million garments during the first 9 months of the current financial year, contributing to 36% of total sales. Key export markets include Europe, Australia and the US.
In fabric production, currently 60% of production is used for captive consumption to manufacture value-added products. The rest is sold to knitted apparel export manufacturers. Currently fabric sales contributes to 5% of total revenues.
KPR is also amongst top five yarn manufacturers in India. Its entire yarn capacity has been upgraded to value-added yarn (Compact, Melange, Color Melange, PC, Slub & Grindle Yarn). Currently 19% of the yarn produced is consumed captively to manufacture value-added products. Revenue contribution from yarn is around 45% of total sales.
Working closely with nearly 1,500 regular domestic clients for yarn and fabric and around 55 leading international brands for garments. KPR has established one of the most eco-friendly processing ‘unit 2’ and sophisticated high resolution printing division, which commenced its operations in 2018. It has also set up a state-of-art massive ETP plant in its processing unit to treat 2.5 million litres a day. The company’s quality initiatives and consistent technology upgradation has helped secure several international accreditations.