Indo Rama Synthetics (India)

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.

Indo Rama Synthetics (India) approved a capex plan of up to Rs 600 crore for its Butibori, Nagpur facility to add balancing equipment, manufacture specialty yarns, and install a 700 TPD PET resin plant.