Textile producer Textiles Fabricato Tejicondor is to inject US$32m into expanding the capacity of its indigo plant, according to local media reports.

The Colombia-based manufacturer, which also operates in Mexico, Ecuador and Venezuela, reportedly wants to boost capability to one million metres as it looks to boost domestic and export market presence.

Fabricato will finance the investment from proceeds of the sale of its 98.5% stake in local business Comercia.