Textile machinery manufacturer Lakshmi Machine Works will continue to focus on the existing product line and exports, its Director (Finance) R. Rajendran said. Exports during 2013-14 almost doubled in terms of value and also increased in terms of volume. The company invested $12.5 million last year in its China plant and plans to expand the range of products made there for the Chinese market. LMW’s total revenue increased 16 per cent in 2013-14 to Rs.2,338 crore from Rs.2,017 crore. Its net profit went up to Rs.189 crore from Rs.130 crore.
