Indorama Ventures increases capacity in India with strategic investment in its Nagpur manufacturing plant
Indo Rama Synthetics (India) Limited (IRSL), a subsidiary of global petrochemical producer Indorama Ventures Public Company Limited (IVL), will spend up to INR 6 billion (USD 82M) 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 IRSL’s ability to serve clients across the country.