In its Vision 2025, Pakistan-based knitting and apparel manufacturing firm, Interloop, has announced plans to expand operations in the country. The company will invest $300 million over the next five years to set up an activewear plant, a denim fabric mill and a hosiery plant, besides enhancing its spinning and yarn dyeing capacity.
Interloop also plans to invest in a fully vertical apparel facility to give customers complete supply chain transparency, besides expanding the company’s annual capacity to 40 million pieces of apparel, apart from the capacity it’s doing for socks and leggings. The investment will help the company create more job opportunities besides increasing its annual turnover to $700 million from current $300 million. Incepted in 1992 with just 10 knitting machines, Interloop has grown into one of the world’s largest hosiery manufacturers and a vertically integrated company.