In order to meet increased demand in garment export, KPR Mill has initiated expansion plans in its garment business. Besides expanding capacity of its existing facility, it adds up a new facility near Tirupur-the largest Knitwear Cluster.
This shall increase its present capacity of 30 million pieces to 40 million pieces per annum (single shift). Since major infrastructures are already in place, its operation is expected during the first quarter of FY15. It would result in creation of direct employment for about 1,000 people.
At Thekkalur, near Tirupur, a new unit with 12 million pieces per annum capacity is being set up. Land has already been acquired and construction work has commenced. It is expected to become operational during the fourth quarter of FY15. It would result in creation of direct employment for about 1,200 people.
These capacity additions are expected to enhance the overall garment operations of KPR by over 50% in two years.
Shares of the company gained Rs 6.45, or 3.47%, to trade at Rs 192.50. The total volume of shares traded was 18,434 at the BSE (12.40 p.m., Tuesday).