• February 04, 2022

However, the macro economic environment held back bottom-line growth. Consolidated net profit for the quarter fell 25% as expenses shot up 24%.

“The operating environment continued to remain trying with an unparalleled, highest-ever commodity price increase and global supply chain disruptions. The strong growth and improvement in sentiments that we have been witnessing during the year also got a bit impacted by the arrival of the third Covid wave, the effect of which has been mild, though, so far. We are, however, very focused to achieve sustainable growth in all our markets,” said Dipali Goenka, CEO and joint managing director of Welspun India Ltd.

As outlined in its presentation to investors as well as in a video posted to its LinkedIn page, Welspun India announced the following achievements during the quarter:

• S. e-commerce growth up 157.0%;
• Licensed brand growth up 45.0% for Q3 and 66.0% year-to-date;
• The company’s domestic retail business generated record sales.

Demand remains strong. For the nine-month period, manufacturing capacities have been running at a high rate:

• Bath linen production was at 90% capacity, up from 79% in the previous nine-month period.
• Bed Linen was 100%, up from 80%.
• Rugs and carpets was at 83%, up from 61%.
• The Advanced Textile division’s production rates for the period were 82% for Spunlace, 55% for needle punch and 33% for wet wipes.

Welspun India is also expanding its manufacturing footprint, with capacity increases in towels, bedding, rugs and carpets in the coming months.

B.K. Goenka, chairman of Welspun Group, said “Our markets like U.S. and UK have been showing strong consumer spending. In India, economy is coming out of pandemic led slowdown with strong demand supported by monetary policies and fiscal stimulus from government.”

 The World Mattress Industry Meets in Istanbul: IBIA EXPO 2022

by Tolga Çakmakl?

Turkey’s and the world’s leading mattress supply industry and technology companies will come together at the IBIA EXPO Fair, which is planned to be held at the Istanbul Expo Center on 6-9 October 2022.

IBIA EXPO 2022, which will host over 200 leading companies and manufacturers, plans to open its doors to industry professionals with thousands of visitors from target buyer countries.

Bringing together thousands of innovative products and technologies that make up the components of the mattress industry under the same roof, IBIA EXPO aims to host nearly 20 thousand domestic and foreign buyers from 14 countries at the Istanbul and to create a business network between buyers and manufacturers.

IBIA EXPO, which has the distinction of being the only fair organized on mattress technologies in Turkey; In addition to bringing together mattress supply industry, machinery and hardware manufacturers, it also has the feature of being an export platform that exhibits the latest technologies and innovative products.

Innovation

With all kinds of innovative changes and transformations, the mattress industry, in its most modern form, is gaining even greater speed and momentum with the latest technologies in mattress components. The industry will be following all these newly developed products and more at IBIA EXPO.

Technology

With the increase in the need for mass production of mattresses thanks to the supply-demand situation and technology in the mattress industry, the needs of potential buyers are fully met with these high-tech machines, thanks to the fact that IBIA EXPO brings together all kinds of high quality and machine manufacturers.

Design

While a quilting machine with an increased capacity with a new design can contribute to faster production and your mattress to be ventilated faster with its newly designed ventilation capsule, a mattress with an attractive design may be in high demand. At IBIA EXPO, there are new design products in the field of machinery, equipment, or complementary pillows and sleep products.

Who Can Participate?

Mattress production machines; mattress edge closing machines, single head, double head and multi-needle quilting machines, mattress packaging machines, automatic roll pack machines, side border machines, sewing machines, spring pulling machines, fiber preparation and mixing machines, nonwoven – fiber preparation machines, fiber back recovery machines, pillow filling machines, quilt machines, automatic glue line, pillow press machines, automatic mattress cover zipper sewing machines.

Bedding fabrics; Woven, knitted bedding fabrics, side border fabrics, plinth fabric, upholstery fabrics, headboard fabrics and artificial leathers.

Spring and spring production machines; Boney springs, bundle spring, micro springs, wire drawing machines, automatic bundle spring coil machines, fully automatic bundle spring typesetting machines, bundle spring typesetting machines, bonnel spring coil and typesetting machines, spring winding machines.

Sponges; sponge, visco, latex and gel Technologies

Glue and Packaging materials: solvent-based, water-based glues, hotmelt guns.

Bed accessories; bed wicks, handles, plinth feet, air capsules, fabric and leather mattress labels, metal accessories, zippers

Felt-fiber-Nanwoven; felts, natural felts, synthetic and natural fibers, nonwoven fabrics

Production materials; quilting yarn, bed cover fabric yarn, shock absorbers, mattress covers, movable mechanisms, plinth frames