Indo Count Industries Limited (ICIL) has announced the establishment of a new greenfield manufacturing facility in North Carolina, marking a significant expansion of its presence across the East Coast, West Coast, and Midwest regions of the United States.
Key Highlights of the Expansion:
- New Facility: Indo Count Global East Inc., a subsidiary of ICIL, will launch the facility in North Carolina to strengthen its utility bedding business in the U.S.
- Production Capacity: The new plant is expected to produce 18 million pillows annually to cater to growing demand.
- Investment: The project involves an estimated investment of $15 million, structured through a 75:25 debt-equity funding model.
- Manufacturing Footprint: This new plant will complement Indo Count’s existing U.S. facilities in Phoenix, Arizona (West Coast) and Columbus, Ohio (Midwest), enhancing its operational capabilities.
- Revenue Impact: Indo Count expects aggregate revenue of approximately $175 million across its three U.S. manufacturing units once the facility becomes fully operational.
- Increased Capacity: With this addition, Indo Count’s total annual U.S. manufacturing capacity will increase to 31 million pillows and 1.5 million quilts across its three locations.
Leadership Statement
Anil Kumar Jain, Executive Chairman of Indo Count, emphasized that the North Carolina facility marks a strategic milestone in the company’s expansion strategy. He stated:
“This project is not just about increasing capacity; it’s about creating a nationwide manufacturing network that enhances our ability to serve customers efficiently. By investing in cutting-edge manufacturing capabilities, we are reinforcing our position as a leading provider of utility bedding solutions. This move aligns with our long-term vision of scaling our presence in the U.S. market while ensuring operational excellence and sustainable growth.”
Strategic Significance
The expansion aligns with Indo Count’s broader vision of strengthening its utility bedding business in the U.S., optimizing logistics, and enhancing service delivery to key markets. The North Carolina facility will cater to a rising demand for quality bedding products and help the company expand its customer base across the East Coast.
About Indo Count Industries Ltd.
Indo Count Industries Ltd (ICIL) is one of the world’s largest home textile manufacturers specializing in bed linens, utility bedding, and sheets. The company operates globally with a strong domestic and international presence, including key brands like Boutique Living, Layers, GAIAM, Jasper Conran, Fieldcrest, and Waverly. Recently, Indo Count acquired the global trademarks and IP rights of WAMSUTTA, a 175-year-old U.S. national brand.
Indo Count’s credit ratings reflect its strong financial standing, with ICRA assigning an AA- (Stable) rating for long-term bank facilities and A1+ (A One Plus) for short-term facilities. CARE Ratings has also assigned a AA- (Positive) rating for long-term bank facilities.
