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

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

MEGlobal to build first ever US MEG plant

Monoethylene glycol (MEG) producer MEGlobal plans to construct a new...

Courtesy: Ulster Carpet

Textiles | On 25th Mar 2017

Ulster Carpets acquires Griffith Textile Machines

Northern Ireland based manufacturer of carpets, Ulster Carpets said...

Interviews View All

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Eamonn Tighe
Nature Works LLC

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

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

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
March 2017

March 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