Singapore-based Indorama Corporation through its wholly-owned subsidiary, Indorama Industries, is to raise the production capacity of spandex fibre at Baddi in Solan district of Himachal Pradesh.
Indorama Industries is currently planning to double the production capacity of spandex fibre from 5,000 tpa to 10,000 tpa by December 2014. Further the capacity will be raised to 15,000 tpa. The entire expansion is expected to cost Rs 600 crore. The project cost will be funded through debt and equity. Work on the project is expected to commence by September 2013. Spandex fibre is used in various applications like stretch denims and sportswear.
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