Indorama Industries Limited launches "Inviya", the new freedom fibre
Inviya™, the spandex filament is specifically conceived for applications expanding across Stretch Denim, Sportswear, Active Wear, Bottom Wear, Intimate Garments, Innerwear, Socks, Surgical, Medical Applications and much more
- (1888PressRelease) February 08, 2012 - New Delhi - Indorama Industries Limited [IIL], part of Indorama Corporation, Singapore, has launched the new revolutionary branded spandex product "Inviya™", setting new standard for innovation. It is now the only company in India to manufacture spandex filament. Inviya™, the new freedom fibre, is the new hi-tech spandex filament that will revolutionise the fashion industry in India.
Inviya™ was launched at the All India Textile Conference held at Stein Auditorium, the Indian Habitat Centre, New Delhi today by Indorama Industries Limited, an Indian venture of Indorama Corp., Singapore. Indorama is synonymous for pioneering advancements in manufacturing of polymers for applications in textile and apparel productions. With the launch of the spandex filament, the company will bring forth the advantages of this innovative technology for the first time to the country.
Mr. Sri Prakash Lohia, Chairman of Indorama Corporation espouses "As a frontrunner in introducing new technology in the market, Indorama is dedicated to expanding its product portfolio of high value and performance textiles by providing consumers with the world-class spandex filament closer to home. We, at Indorama, are dedicated to establishing Inviya™ as the best solution for industries in the textile and apparel sector in the coming years. "
According to recent studies, the spandex usage in India is growing at 15-20 percent per year as compared to world's expected growth of 7-8 percent per year. The direct consumption of bare spandex in the country currently stands around 6,000-7000 tons per annum, all of which is imported. In the light of the flourishing growth in the organised retail segment and branded clothing market, it is a natural step for IIL to invest in
Inviya™.
Inviya™ will be commercially produced in their manufacturing plant in Baddi, Himachal Pradesh using dry spun continuous polymerization technology and equipment from Italy, PRC and Japan. It is a zero waste discharge plant and will have a capacity of 15,000 tons per year in a phased manner, with current capacity being 5,000 tons per year.
About Indorama Industries Limited
Indorama Industries Limited is owned by Indorama Corporation, Singapore. Established in 2010, IIL launches the revolutionary product Inviya™, to be produced at the plant in Baddi, Himachal Pradesh, a state-of-the-art production facility equipped with latest technology for the clothing and textiles, lifestyle and medical and surgical industries.
The Board of Directors for Indorama Industries Limited includes Mr. S.P.Lohia , Mr. Amit Lohia , Mr Sanjeev S Parasrampuria, Mr Rajeev Kshetrapal, Mr Hemant Kumar. Mr R. D. Gupta is the Business Head of Indorama Industries Limited, which is head quartered at Chandigarh.
For a visit to the website, please go to http://www.inviya.com/
About Indorama Corporation
Indorama Corporation is a global manufacturer of textile raw materials (premium spun yarns, polyester fibre/filament yarns, and woven fabrics), petrochemicals and medical / surgical gloves. Indorama's current revenue is over USD 8 Billion with its products being shipped to more than 90 countries across the world. It has more than 19,000 employees worldwide. The company is largest polyester producing company in the world and the second largest producer of Polyolefins in Africa.
Mr. S.P. Lohia is the Chairman of the Board and Mr. Amit Lohia is the Managing Director in the Indorama Corporation. Established as a spun-yarn manufacturing plant in 1976 in Indonesia, Indorama Corporation today, is a leading Asian organization with 38 manufacturing facilities in more than 19 countries. Indorama Corporation won the Primaniyarta award for Best Export Performance 5 times from the Government of Indonesia in category of foreign investment.
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