A Pakistan-based knitting and apparel manufacturing firm, Interloop, has announced its expansion plan in the country in line with its Vision 2025.
The company aims at investing whopping $300 million in Pakistan over the five years. It will set up activewear plant, a denim fabric mill and a hosiery plant, besides enhancing its spinning and yarn dyeing capacity.
As part of its 2025 Vision, Interloop will also be adding further capacity by investing in a fully vertical apparel facility to give customers complete supply chain transparency, as well as taking the company’s annual capacity to 40 million pieces of apparel, apart from the capacity it’s doing for socks and legging, local media reported.
The investment will further create job opportunities in the country and will help reach its turnover to $700 million from current $300 million.
It’s worth noting here that Interloop incepted in 1992 with just 10 knitting machines and has grown into one of the world’s largest hosiery manufacturers and a vertically integrated company.
