Welspun is adding to its capacity in towels, sheets and rugs.
The towel capacity will increase by seven per cent. Sheets will increase by 20 per cent and rugs by 80 per cent. In this quarter, textile is expected to have a ten per cent contribution to growth, flooring 50 per cent and advanced textile 25 per cent. Welspun India generates free cash flows quarter-on-quarter and with a healthy bottom line looks at funding its own projects through internal accruals. For one Welspun will do more integration.
Welspun India has its own industrial park, which is located near its factory. That helps Welspun in having just in time inventory for its trims, packaging and other things and also reduces the carbon footprint. Globally Welspun’s warehouses have a complete integration in the US. Currently, the group has three warehouses from where work like pick and pack, B2C and the pallet-in pallet out is performed. Welspun has warehouses in the UK, the Middle East, Germany and India.
Fundamentally, the company does predictive analysis for the customers and works as partners to them. With a 360-degree approach, Welspun works from farm to shelf. It has partnerships with brands like Martha Stewart, Scott Brother, Scott Living. Welspun sees itself as a home solution provider and just not a textile manufacturer.