# Indorama Ventures to invest $82M in Nagpur plant expansion

Indorama Ventures subsidiary Indo Rama Synthetics will invest up to INR 6 billion ($82M) to add a new PET resin facility and specialty yarn capacity at its Nagpur, India plant. The PET line will add 700 tons/day capacity and is expected to be operational by Q2 2022.

- Type: Expansion
- Announced: 2021-05-25
- Where: Nagpur, India, India
- Value: $82.0M
- Starts operating: Q2 2022
- Status: announced
- Capacity: 700 tons per day (PET resin)
- Products: PET resin, specialty yarns, staple fibers, filament yarns
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Indorama Ventures Public Co. Ltd.](https://endata.com/companies/16732.md)
- [Indo Rama Synthetics (India)](https://endata.com/companies/55281.md)

## Sources

- [indoramaventures.com](https://www.indoramaventures.com/en/investor-relations/newsroom/press-releases/1763/indorama-ventures-increases-capacity-in-india-with-strategic-investment-in-its-nagpur-manufacturing-plant), 2021-05-25: "India is a strategic high-growth market for us."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.