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US mattress maker Spring Air is investing Rs 150 crore to set up three new manufacturing facilities in India.
The first foreign brand to enter this segment in India, the company is leveraging its first-mover advantage to grab a bigger slice of the Rs 5,000-crore mattress market. At least five other top global brands, including Simmons and Sealy, have big plans for the Indian mattress market. “We have two manufacturing units in India in Noida and Bangalore. We are putting up another two at Kolkata and Mumbai, both of which will be ready by next year,” Mr Alok Sharma, Director of Spring Air India, told media persons here on Saturday.
It produces 500 pieces a day from the existing two units, with the two new facilities designed to have similar capacities. Last fiscal it sold 1.5 lakh pieces.
The company is also setting up a PU foam manufacturing unit near Delhi. “We have already tied up the funds for these three units,” he added. Spring air, which is in the spring and speciality mattress space says that this segment is growing at 25-30 per cent in the entire mattress market, while the share of coir is declining.
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