Interloop has Launched a $100 Million Project to Boost Capacity

Interloop has Launched a $100 Million Project to Boost Capacity

Interloop has launched a $100 million Project to boost capacity

Pakistan’s leading textile company Interloop Limited has launched a US$100 million investment project to increase overall garment production capacity, according to a financial report.

As part of the project, construction work has commenced on a high-tech and vertically integrated garment manufacturing complex which will commence operations in the second quarter of 2023 at Interloop Apparel Park, Faisalabad, with a knitting/dyeing capacity of 50 tonnes per day and will produce more than 3 million clothes per month.

It is also a plan of the company to establish a knitwear factory VI, which is expected to be operational in 2023-24, to further expand the business and meet the growing demand of customers.

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Interloop has the capacity to manufacture 795 million pairs of socks annually. Its manufacturing facilities are spread across Pakistan and are equipped with the latest Italian knitting and dyeing machines as well as Spanish conversion machines. The company is in the process of expanding its capacity to 7502 knitting machines in Pakistan.

The company also plans to add an additional internal capacity of 5.5 tonnes per day, consisting of a filament dyeing capacity of 2.0 tonnes per day and elastomeric yarns of 3.1 tonnes per day, to serve all business categories of Interloop Limited and the accelerated market entrance, according to a report.

The company has recorded the highest profit of more than Rs. 12.3 billion in the current fiscal year due to emerging new business opportunities.

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Headquartered in Pakistan, Interloop Limited is a vertically integrated multi-category apparel company that manufactures borderless knitwear, denim, knitwear and active wear products for leading international brands and retailers including Levis, Nike, Adidas, Puma and Reebok. .

Its organizational network spans 3 continents, with an extensive and complete industrial infrastructure in Pakistan, affiliated manufacturing facilities in Sri Lanka, subsidiary manufacturing facilities and supply offices in China, and marketing service offices in the US, Europe and Japan.

Interloop has launched a $100 million Project to boost capacity