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Business Economy


Peps Industries targetting turnover of Rs 235 during the current FY

Kochi, Jan 13(UNI) Peps Industries, leading sprint mattress manufacturers in the country, is targeting to earn a total business of Rs 235 crore during the current financial year, as against Rs 162 earned during the last Financial year, a top company official said here today.
Announcing new brand positioning of ‘’livethe#pepslife’, launching in connection with this 10 year business, Peps Industries Private limits Managing Director K Madhavan said that the company was planning to set up a new factory at Kolkatta, in order to cater the need of people in Eastern part of India.
He also informed that the company was also targeting to manufacture about 1.92 pieces of mattress during the current financial year 2015-2016.
Currently the mattress were transported to Eastern Part of India, would automatically escalated the price, setting up of a unit in Kolkatta would help to bring down the prices as well, he added.
Stating that the company currently exporting mattress to Switzerland, Maldives and Khatmadu, he informed that the company would soon export the products to Sri Lanka and Bangladesh.
Claiming that the company stood the top in selling of spring matters sector in the country, he said the company holds 56 per cent of total sale in this sector.
‘’We have taken a bold step of shifting our positioning from sleep and passive way of life, during night, to recharged and energized way of life during day, by communicating the aftereffects of great sleep.’’
In his address Peps Idustries Joint Managing director G Shankar Ram said that ‘’Peps intend to expand its footprint in the South East Asian market and penetrate different segments with a more customized range of products in the year 2016, and is targeting to achieve 250 crore of revenue in this year.’’
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