Pakistan’s Faisalabad headquartered socks manufacturer Interloop plans to add capacity with an investment of $300 million in a knitted apparel plant, an activewear plant, a denim fabric mill, a 6th hosiery plant and enhancing of its spinning and yarn dyeing capacity during the next 5 years. As per a Knitting Industry report, Interlook will add capacity as a part of its 2025 Vision Rollout. It will also invest in a fully vertical apparel facility to give customers complete supply chain transparency, as well as taking the company’s annual capacity to 40 million pieces of apparel.
Starting with 10 knitting machines in 1992, Interloop has now grown into one of the world’s largest hosiery manufacturers and a vertically integrated company with state-of-the-art spinning, yarn dyeing, knitting and finishing facilities. The company has over 5000 of the latest Italian knitting machines, 21,000+ employees and an organizational network spread across three continents. It produces 700 million pairs of socks and tights annually, for top international brands and retailers, in Europe, Asia and USA
Interloop also plans to venture into the apparel segment including denim, knitwear and activewear. The company plans to generate a quarter of its business through these value-added services building and expanding capabilities in Pakistan, Europe and North America.