Pakistan’s leading textile company, Interloop Limited has launched a master project with a capital outlay of $100 million for upscaling the general capacity in clothing manufacturing, according to a financial report.
The civil work has been started according to the layout for a hi-tech and completely vertically incorporated Apparel Manufacturing Complex, with a purpose to begin its operations at Interloop Apparel Park, Faisalabad in Q2 2023 with 50 tons of knitting/dyeing capability in line with day, generating over three million clothes in line with month. Interloop Apparel has an annual manufacturing capability of twenty-two million clothes.
The agency is likewise making plans to install Hosiery Plant VI to be operational in 2023-24 for similarly increasing the enterprise and assembly the developing purchaser demands. Interloop has the capability to provide 795 million pairs of socks annually. Its production centers are spread throughout Pakistan and are ready with trendy Italian knitting & demise machines and Spanish processing machines. The agency is within the manner of increasing its capability to 7,502 knitting machines in Pakistan. The agency is likewise making plans to feature an in-residence capability of five. five tons in line with a day which incorporates filament yarn dyeing capability of 2.0 tons in line with day and 3.1 ton in line with the day of elastomeric yarns to cater to all enterprise classes of Interloop Limited and velocity to market, consistent with a report.
The agency has recorded its highest-ever earnings of over Rs. 12.3 billion in the outgoing financial year due to rising new enterprise opportunities.
Interloop Limited, headquartered in Pakistan, is a vertically integrated multi-category clothing company, manufacturing Hosiery, Denim, Knitted Apparel & Seamless Activewear products for top international brands and retailers including Levis, Nike, Adidas, Puma, and Reebok.
Its organizational community spreads across three continents, with an extensive, well-equipped industrial infrastructure based in Pakistan, an associate manufacturing facility in Sri Lanka, an affiliate manufacturing facility and sourcing office in China, and marketing services offices in the US, Europe, and Japan.
