April 29, 2021 (MLN): After an extensive exercise, Interloop Limited (ILP) has formulated its Vision 2025. The board has accordingly approved the ‘Vision 2025 statement’ which reads as ‘to become a full family clothing partner of choice’.
According to the notice issued to Exchange, the company will endeavor to double its sales by FY2025-26 when compared to the sales in FY2020-21.
Moreover, in order to achieve its Vision and double its sales, the company will add a Knitwear Apparel Plant, an ActiveWear Plant, a Denim Fabric Mill, 6th Hosiery Plant and enhance its Spinning and Yarn Dying capacity during the next 5 years with an estimated Capital Outlay of $300 million.
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