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Jun 02, 2023

India’s Indo Rama Synthetics starts up new PET line in Nagpur

Priya Jestin 05-Jun-2023 MUMBAI (ICIS)–Bombay-listed Indo

Priya Jestin

05-Jun-2023

MUMBAI (ICIS)–Bombay-listed Indo Rama Synthetics (India) Ltd has begun commercial operations at its 230,000 tonnes/year polyethylene terephthalate (PET) plant in the western Maharashtra state.

The PET plant located at Butibori in the Nagpur district is operated by Indorama Yarns Pvt Ltd, a wholly owned subsidiary of Indo Rama Synthetics.

Plant operations started on 2 June, it said in a regulatory disclosure to the Bombay Stock Exchange (BSE) on 3 June.

Indo Rama Synthetics, which is 32%-owned by Thailand's Indorama Ventures Ltd, is one of the largest polyester manufacturers in India and has an integrated production facility at Butibori.

It operates a 263,550 tonnes/year polyester staple fibre (PFS) plant, a 259,000 tonnes/year polyester filament yarn (PFY) line, a 138,946 tonnes/year drawn texturized yarn (DTY) unit and an 87,500 tonnes/year polyester chips line at the site, according to the company's website.

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