Indo Count Share Price Jumps 13% Amid Strategic U.S. Expansion

Indo Count Global East Inc., a subsidiary of Indo Count Industries Ltd, is set to enhance its utility bedding business with a new greenfield manufacturing facility in North Carolina, USA. This move aligns with the company’s strategy to expand its footprint across key U.S. regions, complementing its existing manufacturing units in Phoenix, Arizona (West Coast) and Columbus, Ohio (Midwest).

The new facility will focus on producing 18 million pillows annually, reinforcing Indo Count’s position as a key player in the bedding industry. The initiative highlights the company’s commitment to operational scalability and customer-centric innovation, ensuring improved service across the East Coast, West Coast, and Midwest markets.

On the back of this development, the share price of Indo Count has jumped 13% as of 12:08 PM on February 12, 2025.

Investment and Funding Structure

The North Carolina facility is being developed with an investment of approximately $15 million, structured through a 75:25 debt-equity ratio. This investment underscores Indo Count’s long-term vision of sustainable growth in the U.S. market.

With this expansion, Indo Count’s total U.S. annual manufacturing capacity will increase to 31 million pillows and 1.5 million quilts across its three facilities. This move is expected to contribute to a combined revenue of approximately $175 million from Indo Count’s U.S. operations.

Leadership’s Vision for Growth

Commenting on this strategic move, Mr Anil Kumar Jain, Executive Chairman of Indo Count, emphasised the importance of the expansion, stating: “The establishment of our new greenfield facility in North Carolina marks a significant milestone in Indo Count’s growth strategy. 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, Indo Count aims to strengthen its position as a leading provider of utility bedding solutions, while ensuring operational excellence and sustainable growth.

About Indo Count Industries Ltd.

Indo Count Industries Ltd. (ICIL) is a globally recognised home textile manufacturer, specialising in bed linens, fashion bedding, institutional bedding, and utility bedding solutions. The company has a strong presence in international markets and holds key brands and licences, including:

• Boutique Living and Layers (Domestic markets)
• Licensed brands such as GAIAM, Jasper Conran, Fieldcrest, and Waverly
• Recently acquired WAMSUTTA, a 175-year-old U.S. national brand

Indo Count operates with a robust manufacturing capacity of 153 million metres of bed linen annually. Under the leadership of Mr. Anil Kumar Jain, the company has built a reputation for quality, innovation, and customer-centricity.

Additionally, the company maintains strong credit ratings, with ICRA AA- (Stable) and CARE AA- (Positive) for long-term bank facilities, reflecting its financial strength and stability.

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