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Pic: Indorama Ventures Indo Rama Synthetics (India) Limited (IRSL), a subsidiary of global petrochemical producer Indorama Ventures Public Company Limited (IVL), will spend up to ₹6 billion ($82 million) upgrading equipment and adding capacity at its manufacturing site in Nagpur, India. IVL operates all three of its business segments – Combined PET, Fibers, and IOD – in 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, the Thailand-headquartered IVL said in a press release.
IVL has continually developed its PET resin business in India since 2016 through IVL Dhunseri Petrochem Industries Private Limited (IDPIPL), a joint venture with Dhunseri Ventures Limited.
(Page 1) Indo Rama Synthetics (India) Limited (IRSL), a subsidiary of global petrochemical producer Indorama Ventures Ltd. (IVL; Bangkok, Thailand), will spend up