Indorama Ventures increases capacity in India

Indo Rama Synthetics (India) Ltd., a subsidiary of global petrochemical producer Indorama Ventures Public Co. Ltd., 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, further strengthening the company’s ability to serve clients across the country.

India is a strategic market for Indorama Ventures, where the company operates all three of its global integrated business segments—Combine PET, Fibers, and Integrated Oxides and Derivatives (IOD).

The new PET resin facility at Nagpur will add 700 tons of capacity per day and is expected to be operational by the second quarter of 2022.