Subsidiary of Indorama Ventures (IVL), Indorama Synthetics (India) plans to upgrade its equipment and expand manufacturing capacity at Nagpur with an investment of Rs 6 billion. As per reports, IVL operates all three of its business segments – Combined PET, Fibers, and IOD – in India.
IVL’s expansion plan include setting up a new PET resin manufacturing facility, adding more balancing equipment, and specialty yarns to its portfolio. The company plans to add 700 tons of capacity at its PET resin facility in Nagpur which will be operational by the second quarter of 2022. The facility will help strengthen IVL’s position as India’s largest resin producer, with a total capacity of over 1 million tons annually.
The plant at Nagpur, which IVL has managed since 2019, is also the company’s first fibre manufacturing site in India, offering a wide range of staple fibres and filament yarns. Under the investment plan, it will meet global brands’ increasing demand for more high-quality and sustainable textile products.
