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The Textile Magazine
FEBRUARY 2012
Mr. Amit Lohia,
M.D., Indorama Corporation
Himachal Pradesh, a state-of-the-art
production facility equipped with
latest technology for the clothing
and textiles, lifestyle and medical
and surgical industries.
Indorama Corporation plans to
invest up to Rs. 1,000 crores within
three years in India to produce the
spandex fibre which has various
applications like stretch denims
and sportswear. The company
has lined up a three-phase in-
vestment plan, of which the first
phase is already completed at an
investment of Rs. 400 crores at
Baddi. The new plant will start
commercial production by March.
Mr. Sri Prakash Lohia, Chairman
of Indorama Corporation, says: “As
a frontrunner in introducing new
technology in the market, Indo-
rama is dedicated to expanding its
product portfolio of high value and
performance textiles by providing
consumers with the world-class
spandex filament closer to home.
We, at Indorama, are dedicated to
establishing Inviya as the best solu-
tion for industries in the textile and
apparel sector in the coming years.”
Inviya is specifically conceived
for applications expanding across
stretch denim, sportswear, active
wear, bottom wear, intimate gar-
ments, innerwear, socks, and surgi-
cal & medical applications.
According to recent studies, the
spandex usage in India is grow-
ing at 15-20 per cent per year as
compared to world’s expected
growth of 7-8 per cent per year.
Direct consumption of bare span-
dex in the country currently stands
around 6,000-7000 tons per annum,
all of which is imported. In the light
of the rapid growth in the organised
retail segment and branded clothing
market, it is a natural step for IIL to
invest in Inviya.
Indorama Corporation is a global
manufacturer of textile raw materi-
als (premium spun yarns, polyester
fibre / filament yarns, and woven
fabrics), petrochemicals and medi-
cal / surgical gloves. Indorama’s
current revenue is over $8 billion
with its products being shipped to
more than 90 countries across the
world. It has more than 19,000 em-
ployees worldwide. The company is
the largest polyester producer in the
world and the second largest pro-
ducer of polyolefins in Africa.
Mr. S.P. Lohia is the Chairman of
the Board and Mr. Amit Lohia the
Managing Director in the Indorama
Corporation. Established as a spun-
yarn manufacturing plant in 1976 in
Indonesia, Indorama Corporation to-
day is a leading Asian organization
with 38 manufacturing facilities in
more than 19 countries. It has won
the Primaniyarta Award for Best
Export Performance five times from
the Government of Indonesia in the
category of foreign investment.
Inviya will be commercially pro-
duced using the dry spun continu-
ous polymerization technology and
equipment from Italy, PRC and
Japan. It is a zero waste discharge
plant and will have a capacity of
15,000 tons per year in a phased
manner, with current capacity being
5,000 tons per year.
Inviya stands for freedom of ex-
pression, freedom to be original,
corporate news
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