Hotline: 1800 102 2007
X
Search Business Opportunities
Feb, 13 2018

IKEA partners with India's first mattress supplier

According to IKEA, to begin with SMFPL will begin supplying mattresses to IKEA stores in the Middle East and later when the retailer’s first India store comes up in Hyderabad later this year, it will also start supplying for the India store.

Swedish retail giant IKEA has partnered with Hyderabad-based Shree Malani Foams Pvt Ltd its first mattress supplier from India , which makes mattresses under the Centuary brand  to manufacture roll-pack mattresses as per IKEA’s specifications for its stores in India and globally.

According to IKEA, to begin with SMFPL will begin supplying mattresses to IKEA stores in the Middle East and later when the retailer’s first India store comes up in Hyderabad later this year, it will also start supplying for the India store. While the Hyderabad store is slated to open its doors this summer, it also has outlets coming up in Bengaluru and Gurugram.

Pankaj Date, business development manager (comfort, purchasing and logistics) South Asia said, these efforts of IKEA’s have been aimed to co-create specific products with the intent to explore other markets as well as its local sourcing commitment to the Indian government,

Elaborating on the partnership with IKEA, SMFPL managing director Siddharth Malani said the company has invested an additional Rs 15 crore in setting up an add-on facility at its existing Chegunta plant to cater to the mattresses as per IKEA specifications and is eyeing a turnover of over Rs 200 for FY19.

Malani said, “The plant will manufacture 10,000 mattresses per month, which works out to 1.2mn mattresses per annum.”

Comment
Related opportunities
  • Others Food Service
    About Us: Dhaba Cafe is a complete food hub with two..
    Locations looking for expansion Madhya pradesh
    Establishment year 2008
    Franchising Launch Date 2012
    Investment size Rs. 5lac - 10lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Indore Madhya pradesh
  • Diamond & Platinum wears
    About Us: Pure Platinum is a jewellery manufacturing organization of rare..
    Locations looking for expansion Maharashtra
    Establishment year 2012
    Franchising Launch Date 2019
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Quick Service Restaurants
    About Pizza BoxPizza box is located in Vile Parle East..
    Locations looking for expansion Maharashtra
    Establishment year 2014
    Franchising Launch Date 2015
    Investment size Rs. 10lac - 20lac
    Space required 200 - 450 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
  • Designer Wear
    About : Started in 2014, H&S sources its fabric from Italian..
    Locations looking for expansion Maharashtra
    Establishment year 2014
    Franchising Launch Date 2017
    Investment size Rs. 50lac - 1 Cr.
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities