# Fiberweb India announces Rs. 140 crore spunlace project

Fiberweb (India) Ltd announced a new diversification plan into a spunlace (biodegradable) project with an estimated cost of Rs. 140 crore. Orders are expected to be finalized by end of FY24, with commercial production starting by end of FY25.

- Type: Expansion
- Announced: 2024-02-07
- Where: India
- Value: $17.0M (1.40B INR)
- Starts operating: 2025
- Status: announced
- Products: spunlace nonwoven fabrics, biodegradable fabrics
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Fiberweb India](https://endata.com/companies/22021.md)

## Sources

- [theprint.in](https://theprint.in/ani-press-releases/fiberweb-india-unveils-rs-140-cr-spunlace-project-biodegradable-alongside-q3-9m-fy24-results/1957207/), 2024-02-07: "We are excited to announce our new diversification plan into the Spunlace project (Biodegradable), which promises manifold opportunities for our company."

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