Lohia Corp Uses Acquisitions to Expand Fibre Machinery

Lohia Corp Limited is using its 2019 Leesona asset acquisition and 2024 US and Italian additions to expand into high-performance fibre winding and monofilament extrusion, targeting a global market that management expects to grow at an 8–10% compound annual growth rate to more than US$28 billion by 2030. The plan adds adjacent machinery to its woven-raffia operations.

How is Lohia Corp expanding beyond woven-raffia machinery?

Lohia Corp is expanding beyond woven-raffia machinery by adding high-performance fibre winding and monofilament extrusion products to its established polypropylene, or PP, and high-density polyethylene, or HDPE, equipment range. Its core portfolio covers tape extrusion, tape winding, circular weaving, coating, printing, bag conversion and recycling, while Leesona supplies high-speed take-up machines for high-performance fibres and OMGM supplies monofilament extrusion lines.

The core business remains the larger disclosed platform for this diversification. Lohia Corp reported a 15.4% global market share by value in woven-raffia machines in calendar year 2024 and a 40.7% India share in financial year 2025. Its tape extrusion lines have melt capacity of 150 to 1,000 kilograms per hour, while its circular looms cover weaving widths of 15 centimetres to 295 centimetres.

The newer portfolio is aimed at applications beyond the woven-sack process. OMGM's monofilament extrusion lines process PP, HDPE and major engineering thermoplastic polymers, whereas the legacy machinery supports woven fabric and sacks. This is an extension of the product range, not a disclosed replacement of Raffia machinery, which still serves packaging applications including cement, fertilisers, chemicals and food grains.

Which acquisitions and additions support Lohia Corp's strategy?

Lohia Corp identifies Leesona, JJ Jenkins and OMGM as the additions supporting its high-performance fibre and monofilament strategy. The company acquired Leesona assets in the United States in 2019, and its 2024 milestones state that Leesona acquired JJ Jenkins in the United States. The strategy presentation also says Lohia Corp acquired OMGM in Italy for monofilament extrusion.

The presentation describes the Italian step differently in its milestones. It says OMGMG was incorporated in Italy in 2024 to manufacture extrusion plants for technical monofilament, while the product portfolio identifies OMGM Extrusiontechnik S.R.L. as the Italian manufacturer of monofilament lines. No purchase consideration, ownership percentage, closing date, revenue or profit contribution is disclosed for Leesona, JJ Jenkins or OMGM.

These actions follow earlier portfolio additions within India. Lohia Corp says it acquired Sundarlam's lamination and coating business and established a dedicated Bengaluru unit, while its recycling pipeline includes ReclaPro and ReclaMax. Management says conversion and processing machinery is growing faster than woven-fabric machinery, but the presentation does not quantify the growth-rate difference.

What market is Lohia Corp targeting through Leesona and OMGM?

Lohia Corp is targeting a global high-performance fibre market that management expects to expand at an 8–10% compound annual growth rate, or CAGR, to more than US$28 billion by 2030. Management presents that market estimate as the rationale for acquisitions, joint ventures and alliances; it is not a forecast for Lohia Corp's revenue, orders or market share.

The legacy business has a different disclosed end-market mix. The industry data cited by Lohia Corp puts packaging at 84% of global woven-raffia market volume in calendar year 2024, compared with 16% for non-packaging applications. Non-packaging uses include geotextiles, ground cover, roof underlayment, ropes and twines, showing that the existing portfolio already serves some technical applications alongside packaging.

The acquisitions add separate machinery capabilities rather than a disclosed end-market revenue split. Leesona's product is a high-speed take-up machine for high-performance fibres, and OMGM's product is a monofilament extrusion line for polymers including engineering thermoplastics. The presentation does not disclose the fibre types, customer industries, installed base or order intake for either business.

Does Lohia Corp have an international base for cross-selling?

Lohia Corp has an international sales and service base that management plans to use for new geographies and cross-selling. It reported serving about 100 export countries across fiscal years 2024, 2025 and 2026, supported by five international offices, stockists in eight countries and 17 exclusive sales agents in major overseas markets. Overseas revenue accounted for 42% of fiscal 2026 revenue.

Its physical footprint includes six manufacturing facilities, comprising four in India, one in the United States and one in Italy. The Burlington, North Carolina site covers 735 square metres and the Como, Italy site covers 1,350 square metres; the presentation lists 700 winders and 12 extrusion lines across these overseas facilities. Lohia Corp also recorded its first order from South Korea during the reported quarter.

Customer concentration was lower in fiscal 2026 than in fiscal 2025. The top 10 customers accounted for 12.6% of revenue in fiscal 2026, down from 18.1%, while the largest customer's share declined to 2.1% from 4.2%. Lohia Corp says it served more than 2,000 customers globally over the latest three fiscal years, but it does not identify how many of those customers bought fibre or monofilament equipment.

What financial capacity and execution plans accompany the expansion?

Lohia Corp reported revenue from operations of Rs 109.74 crore in H1 FY27, up 50% from Rs 73.38 crore in H1 FY26. Earnings before interest, tax, depreciation and amortisation, or EBITDA, rose 76% to Rs 21.56 crore, and profit after tax rose 108% to Rs 14.40 crore. These are group results and are not allocated to Leesona, JJ Jenkins or OMGM.

Research and development expenditure rose to Rs 5.18 crore in FY26 from Rs 3.71 crore in FY25 and Rs 3.68 crore in FY24. R&D represented 3.0% of FY26 revenue, compared with 2.7% in FY25. As of March 31, 2026, Lohia Corp reported 251 R&D employees, 71 patents and 54 trademarks in India, plus 56 international patents and eight design registrations.

Management's execution plan includes a dedicated team screening further mergers and acquisitions, joint ventures and alliances. It also plans to expand international warehousing and distribution and push exports of block-bottom conversion, lamination and printing machines. The disclosed order book was Rs 1,358.5 crore as of March 31, 2026, with no split by Raffia, high-performance fibres, monofilament or other product lines.

Conclusion

Lohia Corp's strategy combines a large woven-raffia machinery base with acquired fibre winding and monofilament capabilities. Its 2019 Leesona asset acquisition, Leesona's 2024 JJ Jenkins acquisition and the 2024 Italian monofilament move give the company products outside the traditional woven-sack production chain, while 42% overseas revenue in FY26 provides an existing international route to market.

The next disclosed milestones are management's screening of additional acquisitions, joint ventures and alliances and its plan to expand overseas warehousing and distribution. The key unresolved matter is the absence of separate revenue, order, profitability and transaction-value data for Leesona, JJ Jenkins and OMGM, which future company disclosures would need to address to show the financial contribution of the diversification plan.