Given that the confluence of scale, smart, digital and flexible will be the key to manufacturing of the future in the textile space, Himatsingka is well-positioned to get into a higher orbit of growth
Himatsingka is a vertically integrated global textile major that designs, develops, manufactures and distributes a suite of textile products. With four manufacturing facilities, its installed capacities for bedding products, bath products and cotton yarn products are amongst the largest in the world. Powered by a suite of brands and strong private label portfolios, the company’s distribution capabilities are deep and expansive. Himatsingka operates four manufacturing plants across two campuses in Karnataka. The plants are vertically integrated, best-in-class and have capacities that are of global scale.
They are equipped to produce a broad assortment of products with industry leading efficiencies and response times, while adhering to the most stringent compliance requirements. “We believe our shop floors embody next generation capabilities that will assist us in operating manufacturing platforms that harness Industry 4.0 requirements. The confluence of scale, smart, digital and flexible will be the key to manufacturing of the future,” elaborates Shrikant Himatsingka, Managing Director and CEO, Himatsingka. The company has established the world’s largest cotton spinning plant under one roof with a capacity of 211,584 spindles.
It operates amongst the world’s largest integrated sheeting plants for producing bedding products with a capacity of 61 million metres per annum (MMPA). A more recent project has been the setting up of an integrated terry towel plant for producing bath products with a capacity of 25,000 tonnes per annum (TPA). The new terry towel facility was commissioned during FY20 and continues to witness increased capacity utilisation levels, thus paving the way for Himatsingka to offer home textile solutions with much broader and deeper product capabilities. The company has amongst the largest brand portfolio in the home textile space and 15 licensed and owned brands.
It has a network of sales offices and warehousing facilities in North America, Europe, the UK and India. It is a global leader in the cotton track and trace solutions space with patented DNA technology for cotton traceability. “Himatsingka’s focus on digital transformation helps provide real-time access to data and powerful analytics that improve decision-making and optimise utilisation. With information and communication technology embedded into every facet of our operations, we are able to continuously improve efficiencies, drive innovation and sustain a high-performance work culture, while ensuring compliance through the global value chain,” Himatsingka states.
Brand and Private Label Platforms
Himatsingka’s brand and private label platforms are central to its integrated model. The company’s global reach and connect has been enhanced by the strength of these platforms. Himatsingka continues to focus on building and consolidating its client-centric product solutions portfolio to ensure that its presence is strong across a cross-section of consumer audiences, markets, price points and categories. The company has significantly expanded its global client base and continues to work on deepening its relationship with retail majors across key markets. It brings to consumers an unparalleled suite of brands and technology-led solutions that secure the transparency of the cotton value chain and fulfil the consumer’s preference for authentic and traceable products.
“Our cotton brands’ portfolio comprising of Pimacott®, Gizacott®, Home Grown Cotton® and Organicott® continues to cement its position in the traceable cotton space. Our patent-protected track and trace technology for cotton products continues to be industry leading and helps us keep our global cotton supply chains transparent and secure. Our global fashion brands’ portfolio that comprises Calvin Klein, Tommy Hilfiger and Kate Spade New York continues to gain traction across the channels and footprint they operate in. Performance brands also play a key role in ensuring our global clientele is catered to holistically,” says Himatsingka.
“The company has been continuously developing sustainable and performance and hygiene-led home textiles solutions that cater to dynamic consumer preferences globally. We remain focused on enhancing our strength and presence in the global private label space. Our portfolio of products is truly expansive. Himatsingka customises products for consumers across geographies, preferences and age groups. We design and develop an exhaustive range of home textile products that span diverse aesthetic signatures across categories and price points,” he adds.
Outlook
Sharing his outlook for the year, Himatsingka states, “The current year will be a year of consolidation. Himatsingka’s home textile solutions’ vertical is powered by integrated manufacturing facilities that are amongst the largest in the world. Our operating performance is positively correlated with our ability to enhance capacity utilisation levels across our plants and therefore we will be focused on achieving the same against the backdrop of the various headwinds that have been outlined earlier. Our focus on increasing utilisation will coincide with our efforts to create new markets, clients and channels for our products.”
“With the addition of bath products to our home textile solutions portfolio, we are better positioned to augment our global client base, which will enable us to de-risk and broad-base our global revenue streams. We believe our initiatives to build scale-oriented manufacturing and distribution platforms will position us to tap into larger opportunities that will help us in sustaining growth rates going forward. Himatsingka’s operating know-how in the textile space spans the entire value chain from source to shelf. We will leverage this to identify growth opportunities that fit our strategy, are in sync with our values and give us the growth trajectory that we require,” he adds.