The Hindu Business Line : Zodiac plans facility

MUMBAI: Zodiac Clothing Company Ltd has informed the Bombay Stock Exchange that it is setting up a highly sophisticated trouser and suite manufacturing facility also at Bangalore. This is meant to help it capture the growing domestic and international market for textiles. It has also doubled the shirt manufacturing capacity at one of its plants in Bangalore.

Further, the management contemplates capex, of approximately Rs 75 crore over the next three years, including the acquisition of shirt manufacturing facility in the UAE through step-down subsidiary, building, expansion of manufacturing facilities, corporate offices and retail outlets. It is also evaluating funding the same through equity, debt besides internal accruals.

They also plan to enhance their retail reach by proposing to open additional 60 additional retail outlets over the next 3 years.

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