Nilkamal planning to invest up to Rs 60 crore in three years to expand manufacturing capacity of the mattress segment. In 2012, the company had entered the mattresses business, is targeting Rs 100 crore turnover from this segment next fiscal.
The company’s division growth and expansion plan includes setting up additional factories in the West, North and Central India. This additional investment will push up the production capacity to about 4,50,000 units per annum. The company, at present, has two manufacturing units at Hosur near Bangalore and at Dankuni in Kolkata, set up with an investment of Rs 27 crore. The current production capacity is 1,80,000 units per annum.
Nilkamal’s principal activity is to manufacture injection moulded plastic products. It operates with three segments namely plastics, lifestyle furniture, furnishings & accessories and storage system & others.