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Himatsingka to strength distribution network sets up subsidiary in Europe

Related Keywords: aiming to strengthen distribution network, focusing on manufacturing, global footprint, Himatsingka Seide, incorporated a wholly-owned subsidiary in Europe, namely Himatsingka Europe Ltd, registered with Registrar of Companies for England and Wales, retailing and distribution of Home Textile products, vertically integrated home textile major

Himatsingka Seide, a vertically integrated Home Textile major with a global footprint focusing on the manufacturing, retailing and distribution of Home Textile products, aiming to strengthen its distribution network has incorporated a wholly-owned subsidiary in Europe, namely Himatsingka Europe Ltd, which is registered with the Registrar of Companies for England and Wales on February 17, 2017.

This will help to strengthen the distribution network in Europe," Himatsingka Seide Limited said in a regulatory filing.

Himatsingka Seide to foray into spinning and terry towel manufacturing

Related Keywords: backward integration strategy, Barbara Berry, Bellora and, brands globally in the home textiles space, design focused, Espirit, foray into spinning, Himatsingka Seide, increase sheeting capacity, invest to expand facility at Hassan, marquee brands such as Calvin Klein Home, terry towel manufacturing, vertically integrated home textile major

Himatsingka Seide, is a design focused, vertically integrated home textile major with its backward integration strategy to foray into spinning and terry towels manufacturing for which the company, will invest Rs 1281 crores to expand the group's manufacturing facility at Hassan, Karnataka increasing in its current sheeting capacity from 23 million meters per annum (MMPA) to 46 MMPA. The investments will be done in phases over the next three years.

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