Spring mattress leader also announces 20 cr investment for new foam factory
Kumbakonam, January 11, 2017: Peps Industries, India’s leading spring mattress manufacturing company marked the launch of its 125th exclusive showroom- Great Sleep Store at Kumbakonam. The event was inaugurated by G.Shankar Ram, JMD, Peps Industries and R.Gopi, AGM, Peps Industries.
Each of Peps’ Great Sleep Stores are designed to give customers a complete bedroom experience with their wide range of premium products such as mattresses, pillows, comforters and much more. The outlets also exemplify the personality of the brand by highlighting the importance of comfortable sleeping. They embody the perfect picture of comfort, while giving customers a clear preview of how Peps can enhance their bedrooms. The company caters to every section of the society with a vast range of its product line that includes Spring Koil, Restonic, Spine Guard, Grand Palais Crystal, Double Decker and Vivah mattress.
At the event, Mr. G Shankar Ram, Joint Managing Director, Peps Industries Ltd. said, “It gives me immense pleasure to announce the launch of our 125th Great Sleep Store in Kumbakonam. By offering global standard products with strong value proposition to our customers, we have been able to register exponential growth since the inception of Peps. We feel it is important to expand into new geographies in order to cater to the growing demands of our consumers. Kumbakonam has much potential that is yet to be unlocked and we are sure that we will be able to help the people of this town sleep better and healthier with our products.”
A leader in the spring mattress category, Peps holds the majority stake in India’s mattress market and has played a crucial role in bringing world-class affordable spring mattresses to Indian consumers. Peps is the only Indian company with a licensing agreement with Restonic Corporation of USA, which is one of the largest mattress companies in the world. Through this partnership, Peps has exclusive access to the unique technology of Restonic and can leverage this to expose Indians to international sleep standards.
Speaking on the business expansion plans, Mr. Shankar revealed plans for a new foam factory in Coimbatore. “We will be investing 20 crore for the construction of a brand new foam factory in Coimbatore. The factory will be manufacturing foam to be used in all bedroom accessories, such as foam for spring mattresses, foam mattresses, sofas and others. We are currently expecting production to begin in April, 2017,” he said.
Peps has come a long way since its inception in the year 2006, with a turnover of 262 crore in the period of 2015-2016. The company is now looking to penetrate into all the different segments of bedroom accessories to become the complete bedroom solution for all.