Indorama to augment spandex, Inviya capacity by the end of 2022
_large.jpg)
14 December 2021, Mumbai:
Indorama India Private Limited (formerly called Indorama Industries Limited), which is engaged in the production and marketing of INVIYA brand of spandex since 2012, has solemnised the ground-breaking ceremony of its third plant (termed as P-3) at its existing site at Baddi in Himachal Pradesh recently.
The new plant will augment the spandex capacity of Indorama to 75 MT/day by the end of 2022, the company said in a media release.
INVIYA is well-positioned to provide functional solutions to high-end garments, accessories like elastics, tapes, etc, and hygiene products like diapers. Incidentally, Indorama is the only company in Indian subcontinent to produce elastomeric yarns meant for these applications (elastics/narrow fabrics/diapers).
INVIYA spandex is available in deniers ranging from 10 to 1680 in different lusters to address the consumer needs across various segments. Apart from these, various cross-functional teams of INVIYA work closely with customers to work out solutions to meet various requirements.
Spandex market demand is pegged at around 45,000 MTs in India and with a push from the government, this is slated to grow at a CAGR of around 14-15 percent.
Apart from meeting demand in domestic markets, INVIYA is exported to various countries like Bangladesh, Turkey, and Latin American regions for various applications in the textile/clothing segment.
Indorama India Private Limited is part of Indorama Corporation, which is headquartered in Singapore.
Fibre2Fashion News Desk (The news article has not been edited by DFU Publications staff)
Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.
DAILY NEWS:
