Filatex Fashions is planning for expansion of its production facility and in the process will make a capex of around Rs 300 crore in next one and a half year. Under this expansion, the company will install another 500 machines to meet the growing demand for the company’s existing products. The said machines will require about 400,000 sq feet of space for installation. The company’s existing land will be enough to accommodate the extra space required for the new machines. The company will acquire 100 units of Cut and Sew machines for manufacturing of T- Shirts and Tracks.
Further, the company is planning to create an additional workforce of more than 1000 people from the expansion process. Also, the company is eyeing an additional turnover of around Rs 400 crore from the expanded facilities.
Filatex Fashions is engaged in the manufacture and sale of knitted socks in India. The company is also involved in the trade of textile products.
