In a statement issued, the Group Managing Director of Indorama Corporation, Amit Lohia, who was at Chandigarh to discuss the company’s plans, said that we have decided to kick start phase II of our original business plan to double its capacity which would be completed by the end of 2014.
“With production running at capacity of 5000 tons per year, demand for INVIYA products (stretchable threads) has accelerated rapidly in various fields across India. Backed up by a pan Indian sales and technical support team, our yarns offer a wonderful combination of comfort, stretch, and recovery for modern day textiles,” said Lohia.
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According to him the industry was upbeat over being accepted in the Indian textile market. “Customers are pleased with our quality and customer-centric approach. Our plant in Baddi already has infrastructure to support 15000 tons of spandex production, so we have decided to double our capacity to 10000 tons by next year, and then add 5000 tons later. I would like to in earnest thank all our customers for their overwhelming support,” he elaborated about the extension plans.
He apprised that Indorama Industries is in the process of setting up a Spandex Application Development Center to spearhead greater product development activities.