Indo Rama Synthetics (India) Ltd. (IRSL), a subsidiary of chemical company Indorama Ventures Public Co. Ltd. (IVL), Bangkok/Thailand, will spend up to US$ 82 million upgrading equipment and adding capacity at its manufacturing site in Nagpur/India. The capital expenditure plan includes a new PET resin manufacturing facility, additional balancing equipment, and a large range of specialty yarns.
The new PET resin facility at Nagpur will add a capacity of 700 tons/day and is expected to be operational by Q2/2022. Together with plants at Haldia and Karnal, the Nagpur facility further strengthens IVL’s position as India’s largest resin producer, with a total capacity of over 1 million tons annually. With 3 manufacturing locations across the country, IVL serves customers throughout India.
The plant at Nagpur, which IVL has managed since 2019, is also the company’s first fiber manufacturing site in India, offering a wide range of staple fibers and filament yarns. India is a strategic market for IVL, where the company operates all 3 of its global integrated business segments – Combine PET, Fibers, and Integrated Oxides & Derivatives (IOD). IVL has continually developed its PET resin business in India since 2016 through IVL Dhunseri Petrochem Industries Pvt. Ltd. (IDPIPL), a joint venture with Dhunseri Ventures Ltd.