Tirupur (India)-based socks manufacturer, SNQS International Socks, has plans to expand its production capacity. The 100 per cent EOU company is presently exporting its socks to Europe, UK and US.
Notably, the company has 700 socks making machines, producing 90,000 dozen socks per month, currently.
SNQS will further add 100 machines with an investment of nearly Rs. 7 crores. At present, the company is using machines of Lonati, Italy and is likely to install the same machines in future as well.
“Our capacities are filled till December 2018, so we need to expand, which is expected to take place by the next year. This expansion will be in our existing factory as we have enough space there to add more machines. With this added capacity, we are hopeful to get good growth in future,” shared H. Gowtham Kumar, Merchandiser of the company with Apparel Resources.
The company claims to be very good in cotton, bamboo, aloe vera yarns and is now trying options in tencel yarns also. Though these yarns are comparatively expensive, SNQS wants to give something new to the market because of which such different kinds of yarns are being explored.
Working with prestigious companies like M&S, Max (Landmark Group), Nutmeg, etc., the company is also receiving some ‘tag on’ orders from such exporters that want to give socks along with their core products.
