Interloop Limited, Pakistans leading textile company, launched a master project having a capital outlay of $100 million for increasing the overall capacity in apparel production.
According to a financial report,?the civil work has been started in line with the design for a hi-tech and fully vertically integrated Apparel Manufacturing Complex, which will commence its operations at Interloop Apparel Park, Faisalabad in Q2 2023 has 50 tons of knitting/dyeing capacity per day, producing over 3 million garments per month.
Interloop Apparel currently has an annual production capacity of 22 million garments.
The company is also looking to establish Hosiery Plant VI to be functional in 2023-24 to further expand the business and meet the increasing customer demands.
Moreover, the company has the capacity to produce 795 million pairs of socks annually; the manufacturing facilities are spread all over Pakistan and are equipped with modern Italian knitting & dying machines and Spanish processing machines. The company is underway to expand its capacity to 7,502 knitting machines in Pakistan.
Interloop is also planning to add further an in-house capacity of 5.5 tons per day which comprises a capacity of 3.1 tons of elastomeric yarns per day and filament yarn dyeing capacity of 2.0 tons per day to cater to all business categories of the company and speed to market, the report said.
In addition, Interloop has posted its highest-ever profit of over Rs. 12.3 billion in the outgoing financial year because of emerging new business opportunities.
Headquartered in Pakistan, Interloop Limited is a vertically integrated multi-category clothing company, producing Denim, Hosiery, Knitted Apparel & Seamless Activewear products for top international brands and retailers including Nike, Adidas, Levis, Puma, and Reebok.
Its organizational network is spread across 3 continents, with an extensive, well-equipped industrial infrastructure based in Pakistan, an affiliate manufacturing facility and sourcing office in China, an associate manufacturing facility in Sri Lanka, and marketing services offices in the US, Europe, and Japan.