The Hindu : Business : Foam Mattings in expansion mode

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Thursday, Mar 20, 2008
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Foam Mattings in expansion mode

Special Correspondent

Thiruvananthapuram: Foam Mattings India Ltd., a State government undertaking which performed well during 2007-08, is on a consolidation and expansion mode.

Company chairman K.R. Bhageerathan and managing director S. Retnakumaran said here on Monday that the company proposed to appoint more dealers in India and abroad.

They pointed out that the demand for the eco-friendly gift sets launched recently by the company was on the rise. These sets contained items made of coir and jute and were priced between Rs.175 and Rs.300, they said.

The company also proposed to expand the local market for its quality doormats, carpets and rugs which were very much in demand in foreign countries.

It had prepared an action plan, Vision 2012. Diversification would be given due importance.

Steps were being taken to open a factory for making value-added coir composite board, the executives informed.

The company had bagged an order worth Rs.30 lakh for making latex-backed coir bags for use in ports. The production was progressing, they said.

The company is also planning to open showrooms in Thiruvananthapuram, Ernakulam and Kozhikode.

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