New Launch1 April 2026 at 07:49 am
Welspun Living Ltd Partially Commences Commercial Production in US Pillow Manufacturing Unit
AI Summary
Welspun Living Ltd has partially commenced commercial production in the pillow manufacturing unit at Nevada, USA. This development comes after the Board of Director’s approval for a capital expenditure of US $13 million for setting up the unit. The partial commencement of commercial production took effect from March 31, 2026 (USA Pacific Time zone) in compliance with the relevant regulations.
Key Highlights
- Welspun Living Ltd partially commences commercial production in its US pillow manufacturing unit.
- Capital expenditure of US $13 million approved by the Board of Directors for setting up the unit.
- Unit set up by subsidiary company Welspun USA Inc. to expand the product category in Home textiles segment business in USA.
- Commercial production commenced on March 31, 2026 (USA Pacific Time zone).
- Compliance with relevant regulations for partial commencement of commercial production.