Himatsingka Seide has received its board’s approval for an investment of Rs 1281 crore to expand the Group’s manufacturing facilities at Hassan. The investments entail an increase in its current sheeting capacity, backward integration into spinning and a foray into terry towels. The investments will be carried out in phases over the next three years.
The Group has over 12 brands globally including marquee brands like Calvin Klein Home, Barbara Barry, kate spade new york, Esprit, Bellora and atmosphere, among others. In addition, the Group also has a strong foothold in the private label space. The Group is exploring various initiatives to augment its Brand and Private Label portfolios.
Himatsingka Seide is in the business of manufacturing natural silk and silk blended fabrics, silk woven yarn, etc. Its product range includes decorative fabrics for home furnishings mainly bed linen, bridal wear, fashion fabrics for men and women wear etc.
