Interloop Limited, a leading textile exporter from Pakistan, has unveiled a significant expansion plan involving an investment of approximately $92 million. This strategic move is aimed at bolstering the company’s export capacity while reinforcing its commitment to sustainability. With a clear target of achieving $670.8 million in exports for FY25, Interloop’s expansion will focus on increasing production capabilities across multiple segments, including hosiery, denim, and yarn dyeing, alongside enhancing its renewable energy infrastructure.
Expanding Hosiery Production
One of the key pillars of Interloop’s growth strategy is the substantial enhancement of its hosiery production capacity. The company plans to invest $58 million in the development of Hosiery Plant 6, which is slated for completion by the first quarter of FY26. This investment will introduce 1,584 additional knitting machines, increasing hosiery production capacity by 25%. This expansion is expected to position Interloop as a more competitive player in the global market, catering to growing international demand.
Boosting Denim Capacity
In addition to hosiery, Interloop is set to expand its denim production capabilities. The company has earmarked $18.8 million for the establishment of 20 new denim production lines, which will be operational by the fourth quarter of FY26. This expansion will elevate the company’s annual garment production capacity to 18 million units, enabling Interloop to meet the increasing demand for high-quality denim apparel.
Strengthening Yarn Dyeing and Renewable Energy
Further solidifying its position in the textile industry, Interloop plans to invest $13.2 million to expand its yarn dyeing capacity. Additionally, in a bid to enhance its sustainability efforts, the company will allocate $2.1 million to add 4MW of solar power to its existing renewable energy infrastructure. With this addition, Interloop’s solar generation capacity will reach 16.6MW by the third quarter of FY25, aligning with its long-term goals of reducing its carbon footprint and promoting sustainable production practices.
Interloop Limited’s ambitious $92 million expansion plan underscores the company’s commitment to growth, innovation, and sustainability. By significantly enhancing its production capacities in hosiery, denim, and yarn dyeing, while also investing in renewable energy, Interloop is poised to strengthen its market position and achieve its export targets for FY25. This strategic initiative not only reflects the company’s dedication to meeting global demand but also its vision of leading the textile industry towards a more sustainable future.
