Penguin Apparels, Madurai (India), is planning to invest Rs. 12.50 crores to expand its capacity and improve efficiency.
Anbukani Mariappan, MD of the organisation shared with Apparel Resources, “The business scenario is difficult but we have an edge of being in different product segments and I strongly believe that lean time is the best time to invest and improve. This is the only way to survive.”
The company is planning to add nearly 120 specialised machines in its stitching lines which will improve the productivity and will make it cost-effective. Currently, the company has six factories and a strength of nearly 2,200 workers.
Mariappan further added that quality, timely delivery and competitive rates will always be at the core for apparel export trade and his organisation has better control over these three aspects. In his words, “We are growing on the basis of these strengths.”
The company is continuously growing as it noticed 20 per cent growth in 2016-17 over 2015-16. It achieved a turnover of Rs. 116 crores in the 2016-17 financial year. In the next fiscal, the apparel supplier is expecting over 15 per cent growth.
Penguin Apparels is also active on sustainability and CSR fronts as it regularly organises medical camps in rural areas and supports the construction of toilets for girl’s schools. It has certifications like SA:8000, ISO:14000, OHSAS:18000 and ISO:9000.
The company has expertise in the manufacturing of trousers, shirts and jackets. Majorly it is into exports, but it does have nearly 10 per cent share of business into the domestic market also.
