Indo Rama Synthetics is undertaking an expansion plan of Rs 600 crores ( USD .075 bn).

Balancing equipment will be added for value addition. The company will diversify into a 700 TPD PET resin manufacturing facility at its Butibori, Maharashtra, plant, India. The commercial production for the growth projects is likely to be started in a phased manner up to the fourth quarter of the financial year 2022-23.

Incorporated in 1986, Indo Rama is one of the largest dedicated polyester manufacturers in India. With more than three decades of market presence, it is India’s most cost-efficient polyester producer. The company’s investments in innovation and capacity expansion allow it to integrate value for its large customer base.Indo Rama has an integrated production facility in Butibori and has prioritized expanding and revamping its facilities, enhancing the product portfolio with high-value products and improving operation efficiency through optimum utilisation of resources.

Manmade fiber demand has been rising in recent years due to the increased consumption of nonwovens and technical textiles. Demand is also being driven by the rapid shift in fashion trends and increased brand consciousness. India is the world’s secondlargest producer of polyester and viscose. Polyester and viscose together account for around 94 per cent of the domestic manmade fiber sector in terms of volume.