Indorama Industries declared that it is investing Rs. 1,000 crore at its new plant at Baddi, which will also create about 300 jobs in Himachal Pradesh. Indorama business head R.D. Gupta told that the company had already set up a Spandex manufacturing plant of 5,000 MT (metric tonnes) per annum capacity for the first time in the country with an initial investment of Rs.400 crore. R.D. Gupta said
“The company intends to expand the capacity to 15,000 MT per annum in two phases by investing total Rs 1,000 crore in three phases. This is a state-of-the-art manufacturing set up equipped with zero-discharge facility as well as rain water harvesting facility,”
Indorama Industries Limited is a subsidiary of the Singapore-based Indorama Corporation, an $8 billion company with business diversified in polyester fiber, filament yarns, spun yarns, fabrics and other material. It has 38 manufacturing plants in 19 countries and a customer base in over 90 countries.