Pioneer Embroideries has received an approval for closure of company's labour Intensive Embroidery unit at Coimbatore with effect from July 31, 2022 and sale of Coimbatore unit assets, with proceeds being utilised for the proposed modern, greenfield manufacturing facility. The Board of Directors of the company at its meeting held on July 29, 2022 approved the same.
Pioneer Embroideries (PEL) is one of the key players in the Embroidery & Laces in India and owners of brand 'HAKOBA'.