Mattress maker to invest up to ₹100 crore
The Hindu
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Mattress maker Duroflex plans to invest ₹80-100 crore to scale manufacturing capacity in Hyderabad.
From expanding existing facility here, setting up of a greenfield project to acquiring a plant, it would evaluate various options, president and business head Mohanraj Jagannivasan said, adding the investment is expected to be completed in about 18 months.
Noting that the up to 400 mattresses a day capacity at the Hyderabad facility, in which Duroflex invested three years back, is proving to be insufficient in the backdrop of growing market for the product, he said the plan is to double the capacity. “We would like to have it early,” he said.
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