Home / Knowledge / News / Textiles / Indorama to boost its spandex production capacity in India
Indorama to boost its spandex production capacity in India
25
Apr '13
Indorama Corp, a Singapore-based textile raw material and petrochemicals producing firm, which marks its presence in India through its fully-owned subsidiary – Indorama Industries Ltd – has unveiled its plan to increase the spandex production capacity at its Himachal Pradesh-based facility to 10,000 tons per annum by 2014-end.
 
The company, claiming to be the sole producer of spandex yarn in India, presently churns out 5,000 tons of spandex yarn each year at its plant based in Baddi in Himachal Pradesh. The yarn, being sold under brand name ‘Inviya’, finds utility in production of stretch denims and sportswear.
 
Announcing the expansion plan, Mr. Amit Lohia, Managing Director, Indorama Corporation, said the capacity addition plan forms a part of their ongoing expansion drive in India. 
 
Given that the plant is actually enabled to support production of 15,000 tons of spandex, he said they mean to boost their production to 10,000 tons by 2014-end, and then would eye to tap the rest 5,000 ton capacity. 
 
Enhanced capacity utilization would also help them to bring down per unit cost and absorb overhead expenses, he added.
 
Having invested about four billion rupees in spandex yarn production in India in early 2012-13, the company is currently in its second phase of expansion in India.
 
The second phase of expansion, Mr. Lohia said, corresponds to the company’s aim of first catering to the India’s spandex requirement, which is around 8,000-10,000 tons per annum, and then growing into a leading exporter of the spandex yarn over the next two years.
 
The US$ 10 billion Indorama Corporation Ltd operates 42 production facilities in more than 22 countries, including India.
 

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 18th Jan 2017

Government considering 100% FDI in single brand retail

The Government of India is looking at allowing 100 per cent foreign...

Courtesy: Walmart

Apparel/Garments | On 18th Jan 2017

Walmart to create 34,000 new jobs in the US

The world’s biggest retailer and also the biggest US private sector...

Courtesy: UN Department of Public Information

Textiles | On 18th Jan 2017

World economy expanded by just 2.2% in 2016: UN

The world economy expanded by just 2.2 per cent in 2016, the slowest...

Interviews View All

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search