Financial Daily from THE HINDU group of publications
Wednesday, Nov 16, 2005


News
Features
Stocks
Shipping
Archives
Google

Group Sites

Corporate - Announcements
Marketing - Strategy


Kufner to scale up India operations

Our Bureau


Mr Dominik Kufner (right), Managing Director, Kufner, and Mr Ivano Cattarin, Head Designer, Armani, at a press conference in Bangalore on Tuesday. — G.R.N. Somashekar

Bangalore , Nov. 15

CLOTHING interlinings major Kufner has announced plans to scale up India operations by opening a distribution and service subsidiary, warehouses and a small chain of technical studios with Bangalore as the hub.

The Germany-based company is targeting a turnover from India of $10 million in the next couple of years from the current $1.5 million. The limited liability company will become operational by December, said Mr Dominik Kufner, Managing Director of the $200-million family-run company. It is investing an initial $1 million mainly for the working capital and employing 30 people during the current expansion drive.

A studio has been operational in Chennai. Kufner plans to start one more in Delhi immediately, followed by Mumbai later and start liaison offices in these cities in six months, Mr Kufner and the Kufner Asia Managing Director, Mr C. Sukesh Kumar, told a news conference.

Among the top three players in the $2-billion global interlinings business, Kufner has 350 clients in South Asia - including tie-ups with Gokaldas Images and Raymonds — and 4,500 worldwide. Also on the cards are a bonded warehouse for exports and a local, duty-paid one that would come up in a couple of months to cater to domestic customers.

Although western manufacturers had rushed into large sourcing arrangements with China, they are now scrambling for reliable quality suppliers such as India. With a booming activity in menswear, there would be tremendous outsourcing potential and "there is going to be a need for additional capacities outside China," he said.

Kufner currently develops its interlinings out of yarn sourced from India. It now plans to bring garment manufacturing technologies and design ideas from fashion houses such as Armani to the local industry.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
Ramco tool for dairy products co


Ford India prices Fiesta at Rs 5.59 lakh
Kufner to scale up India operations
Honeywell Turbo Tech India to make turbochargers
Elecon, Tecpro bag Reliance Energy order
Food process outsourcing presents good prospects
Jain Irrigation bags award for flush filter
Kingfisher wants to do own due diligence of Air Sahara — `Valuation is too high'
`Indian cos' M&A deals may touch $17 b this fiscal'
MGM Group to acquire Aruna Hotel
Bombardier, Gammon India team up for Dubai APM project
PowerGrid to invite bids from pvt cos for transmission projects
Panipat, Haldia refineries to boost IOC margin
McDowell to raise funds for debt clearance after merger
Geojit expects five-fold rise in client base in 3 yrs
Leela Group plans to invest Rs 500 crore in Kerala


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line