Aspinwall and Company Limited has informed the Exchange about Capacity addition
ASPINWALL · price
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Aspinwall and Company is setting up a new tufting line at its factory in Pollachi, Tamil Nadu, with an investment of approximately Rs. 4.51 Crore to be funded through internal accruals. The new line will add 2,01,600 sq.mt. of annual capacity per shift, effectively doubling the existing capacity, and is expected to be fully operational within about 3 months. The move is driven by the need to replace the factory's existing tufting line, which is over 40 years old. The new line will also be capable of producing latex tufted mats, opening up a new product category for the company. Current capacity utilization stands at 57%.
This is a relatively small capex (Rs. 4.51 Cr) funded entirely from internal accruals, so it should not strain the balance sheet. The modernization could improve efficiency and enable entry into latex tufted mats, potentially supporting future revenue growth once demand picks up.