Lux targets touching Rs 1,000 crores in revenues

Inner wear maker Lux is aiming to reach the Rs 1,000 crores mark in revenue. It makes 1.2 million garments, which will be gradually increased to 1.5 million garments a day. Lux produces vests, T-shirts, track pants, briefs, boxers, spaghettis, thermals, panties, and leggings.

Kolkata-based Lux, caters to men, women, and children. It also exports to the Middle East, Australia, Cameroon, and African countries. Exports accounted for 13 per cent revenues in 2014-15. Now, the plan is to set up a world-class integrated hosiery manufacturing unit in West Bengal. The facilities at the new unit would include knitting and cutting facilities, finally producing innerwear garments, end–to-end production facilities, warehousing facilities, quality control, and logistics support. There will be a mix of imported and indigenous knitting machines and cutting machines with spread tables, design systems, labeling equipment and other peripherals. Approximately 50,000 additional retailers will be added in the next five years. The company has also invested in German technology for knitting, Italian technology for dyeing, cutting, and Japanese technology for stitching.