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Friday, February 23, 2024

Interloop unveils plans to install biomass boilers with 55-tonnes-per-hour capacity

Pakistan-based denim manufacturer Interloop has unveiled plans to install biomass boilers with 55-tonnes-per-hour capacity at its new apparel park.

The fuel for biomass is derived from organic waste instead of coal or any other fossil fuel. Interloop expects to reduce total carbon dioxide emissions from steam generation by as much as 50,000 tonnes.

Interloop Limited is a leading global hosiery manufacturer and one of the world’s largest sock manufacturers. The company is headquartered in Lahore, Pakistan. Interloop has gained international recognition for its high-quality hosiery products and has become a major player in the global sock industry.

The company specializes in the production of a wide range of hosiery products, including socks for men, women, and children. Interloop’s products are known for their quality, durability, and innovative designs. The company caters to various market segments, including fashion, sports, and casual wear, and supplies its products to retailers and brands worldwide.

Interloop has a strong focus on research and development, investing in cutting-edge technology and manufacturing processes to produce high-quality socks efficiently. The company’s state-of-the-art manufacturing facilities are equipped with modern machinery and adhere to international quality standards.

Interloop, reported net sales of just under $140 million or 38.5 billion Pakistani rupees for the first quarter, an increase of 26.4 percent year on year. Around 47 percent of this revenue came from US sales, according to company sources, followed by 37 percent in Europe and 16 percent in Asia. The domestic market contributed 6.9 percent. Interloop hopes to surpass $700 million in yearly revenue by 2026.

Capacity utilization for denim and apparel reached 71 percent and 29 percent, respectively, in fiscal 2023. The price of its denim was then $10.20 per piece.

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