Page Industries to set up new facility
PM News Bureau
Bangalore-based Page Industries Ltd is setting up a new
garment manufacturing facility on a 98,500 sq. ft plot of land owned by the
company at site No.13-A Bommasandra Industrial Area. The project is estimated to
cost Rs 15.21 crore. Work on the project has commenced and the company hopes to
start commercial production by May 2008.
The company also plans to increase the manufacturing capacity of elastic by
adding six looms at its existing facility at Bommanahalli near Bangalore, taking
the total installed capacity to 60 lakh metres per annum. The project, slated to
cost Rs 0.58 crore, will be completed by June 2007.
In addition, the company intends to expand its current garment manufacturing
capacity of 33 million pieces per annum by installing new sewing machines. For
this purpose the company has acquired additional floors in existing buildings at
Abbaiah Reddy Industrial Area, Bangalore. Post-expansion, the capacity will
increase to 47 million pieces per annum.
Further, Page Industries Ltd is planning to increase the capacity of 504,000
pairs of socks per annum to 1,176,000 pairs per annum, by adding eight knitting
machines at its facility at Bommanahalli. The Rs 1.07 crore project is expected
to be completed by June this year.
The company is also on the lookout for a new corporate office. The company
proposes to buy new office space admeasuring approximately 6,000 sq. ft in a
central location in Bangalore at an estimated cost of Rs 7.5 crore. The company
has shortlisted some properties and is in the process of negotiating with the
Page Industries Ltd is a specialist in the development and production of high
quality underwear for men, women, and children, and is the licensee of Jockey
International Inc., USA, for manufacture and distribution of the Jockey brand in
India and Sri Lanka. Genomal Group, the promoters, established the company in
Contact: Page Industries Ltd, Abbaiah Reddy Industrial Area, Jockey
Campus, 6/2 & 6/4, Hongasandra, Begur Hobli, Bangalore, Karnataka 560068. Tel:
080-25732952/2764/2373/2759; Fax: 080-25732215/2226; E-mail: email@example.com
[05 February 2007]