Peps Industries, a spring mattress manufacturer, will invest in Rs.
10 crore will expand the capacity of the plant and transform its corporate office in Bengaluru. K.
Its general manager, Madhavan, told Hindus on Wednesday that Coimbatore\'s factory has the capacity to produce 14,500 mattresses per month, and it is recommended to increase it to 18,000.
Manufacturing facilities in Pune and New Delhi cater to the country\'s western and northern markets, where capacity expansion is intended to supply new markets.
Coimbatore facilities is located in a 12-
The acre site, as well as the expansion and modernization project, is under way, he said. While about Rs.
8 crore will invest in Coimbatore of Rs. 1.
5 crore will be used for office work in Bangalore.
The close investment comes from internal accrual projects and the rest from financial institutions.
It expands the capacity here-and-a-half years ago.
The company expects turnover to grow by 40 from Rs this year.
RS 163 in 201415. “By mid-
This year, we plan to buy accessories such as duvets. By 2017-
\"We want to be a company that produces all kinds of sleep comfort products,\" he said . \".