Lakshmi Cotsyn’s Rs 950 cr growth plan

By December 2011, Shri Lakshmi Cotsyn would have

invested Rs 950 crores for expansion of its technical textiles and denim fabric capacity. Shri Lakshmi Cotsyn is a Rs 1,800 crores integrated textile company founded in 1993 and based in Kanpur. In technical textiles, the company proposes to double the annual fusible interlining capacity to 25 million meters, flex fabric to 17 million meters, IRR fabric to five million meters, blackout fabric at 20 million meters and nuclear bio-chemical fabric to 10 million meters.

Wider width sheeting capacity will increase to 30 million meters per annum from the current capacity of 12 million meters per annum. The company’s requirement of yarn will increase to 150 tonnes a day from the current 70 tonnes. The Group is considered among the premier manufacturers of home furnishing products and has made a mark in denim fabric, terry towels, bed linen, cotton fusible interlining, embroidered fabric, technical textile products and ballistic products. It has positioned itself as an integrated multi product and multi market player covering almost all the activities of the textile value chain.