Web Exclusive | January 2018
Welspun sets up US arm to invest in e-commerce
Welspun India has incorporated a wholly-owned US subsidiary Welspun Nexgen Inc registered with the State of Delaware, having paid up capital of $4.25 million to make investment in e-commerce companies.
Welspun is the leading home fashions supplier in the USA and amongst the top 3 global manufacturers of bed and bath linen. In 28 years, Welspun has grown from a small polyester yarn texturizing unit in to a $750 million home textiles supplier with presence in over 32 countries. Welspun is known for developing innovative patented and patent-pending products. We innovate to make our products smarter, our processes more efficient and our environment better. Welspun’s eco-friendly, zero-discharge manufacturing facilities are located in Vapi and Anjar in Gujarat.
The company’s textile manufacturing facilities are Asia's largest, completely vertically integrated lines in farm-to-finish production across diverse products. Its strategic warehousing facilities are in key markets-USA, UK, Europe and India-to ensure seamless distribution.