Spring mattress major Repose inks mou with Bedding Industries
The city-based leading spring mattress manufacturers Repose Industries Private Ltd has inked an agreement with Bedding Industries of America (BIA), by which the company would expand the reach of its products in India, a top company official said today.
With 10,000 mattresses production capacity a month at its new facility in Padhuvampalli on the outskirts, the company will manufacture at least 150 BIA Mattresses to cater to India, one of the World's largest growing consumer markets, Repose CEO S Balachandar told reporters here.
The company plans to close this fiscal at Rs 100 crore, he said.
BIA caters to affluent class with a minimum mattress costing around Rs 1.5 lakh, which will be mainly go to the hotel industry, Balachandar said.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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