GTN to boost Cotstyle business

GTN Industries Group, a vertically integrated yarns, fabrics and apparels group, and a market

leader in 100 per cent cotton pima and giza mercerised single fibre polo shirts and formal dress socks has announced its plans to boost its branded apparels market leadership by bringing ‘Cotstyle’ business, into Cotstyle Apparels Ltd. Cotstyle Apparels plans to invest more than Rs 200 million in its world-class mercerised cotton garment facilities to support its new plan. The overall investment by the group is Rs 350 million. It has 90,000 spindles spread across – Hyderabad and Nagpur. The group has yarn mercerising unit in Shadnagar, fabric processing unit at Indiranagar near Hyderabad and the knitting facilities are located at Isnapur and garment-making in Patancheru and Balanagar, all in and around Hyderabad.

Cotstyle Apparels also announced its spring/summer collections for 2012. Cotstyle expects its brand new solids to striped collections will spin sales volumes of Cotstyle mercerized polo shirts and socks by 50 per cent as more stores begin to sell Cotstyle range of apparels. The men’s collection will include luxury mercerised cotton polo shirts, pima and giza cotton knitwear in a range of colours, including a new collection of stylish and modern colour palettes which will not only look good but also feel good.

The group’s major export markets include: Hong Kong, Japan, South Korea, Singapore, the US and Canada. The brand is equally dominant in Italy, Germany, and the Netherlands. The company plans to tap new export markets which will include UK, Ireland and South American markets. Cotstyle also plan to launch its branded stores in 2012-2013 in select cities.