Indorama takes a stake in Indian fibre manufactu - sportstextiles: Lea SportsTextiles

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Indorama takes a stake in Indian fibre manufacturer

04/04/2019
Polymer, fibre and chemicals manufacturing group Indorama has acquired a stake of nearly 32% in India-based fibre manufacturing facility Indo Rama Synthetics Limited (IRSL).

The facility, located in Nagpur, in India’s Maharashtra state, has a combined capacity of 605,000 tonnes per year. This consists of polyester chips, fibres and filament yarns. 

Indorama has said IRSL is a “strong strategic fit” with its fibre strategy for the home and apparel markets. It added that the acquisition will help it as it focuses on establishing a low-cost operation in Asia. It also gives it access to a large domestic market. 

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