Home / Knowledge / News / Textiles / Indorama expands tire-cord manufacturing line in Kaiping
Indorama expands tire-cord manufacturing line in Kaiping
27
Jan '17
Courtesy: Indorama Ventures
Courtesy: Indorama Ventures
Indorama Ventures Public Company Limited (IVL), a global petrochemicals producer with a global manufacturing unit, held an inauguration ceremony to mark the expansion of its tire-cord manufacturing line at Performance Fibers facility in Kaiping in the Guangdong Province of China. This facility has a capacity to produce of 60,000 tonnes of fibres per year.

IVL first entered China with an investment in Kaiping with acquisition of Guangdong IVL Polymer, a manufacturer of polyethylene terephthalate (PET), in April 2010. Since then, the company has invested sizably in this facility and today it is one of the company's key PET manufacturing facilities in the world. In 2015, the company completed the acquisition of Performance Fibers, the premier producer of tire fabrics in the region and is the second largest production facility of its kind in China.

“Today is another milestone for IVL. This investment represents the continuation of IVL’s strategy to increase and strengthen its presence in the high value-added (HVA) automotive safety market,” said Aloke Lohia, Group CEO of Indorama Ventures.

“The entire team in China is thrilled to open this new facility and has played a key role in helping us build our facilities and integrate them into the Indorama Ventures way. With this investment, we are strengthening our position in the fast-growing Chinese tire-cord market. When this line starts in early 2018, Performance Fibers will be the largest tire-cord producer in China and IVL will continue to be at the forefront of the industry,” added Lohia.

Guangdong IVL Polymer has been recognised for its leadership and dedication to environmental protection. The plant received an award from the Special Fund of Jangmen City for Protecting Tan Jiang River Water Resources in recognition of the company investing in a water recycle system to reduce emissions into the Tan Jiang River where the plant is located.

“I am very proud of this recognition and the ongoing environmental stewardship efforts. We will continue to fulfil our responsibility and drive progress towards our vision of being a world-class chemical company,” Lohia concluded. (KD)

Fibre2Fashion News Desk – India


Must ReadView All

Courtesy: Kai Pilger from Pexels

Apparel/Garments | On 26th Apr 2018

FOBAP in the Philippines trying for garments sector revival

The Foreign Buyers Association of the Philippines (FOBAP), a body...

German investors keen to invest in Pakistan: top official

Textiles | On 26th Apr 2018

German investors keen to invest in Pakistan: top official

A German traders delegation will soon visit Pakistan to explore...

Courtesy: Uster

Textiles | On 26th Apr 2018

Uster Technologies acquires Elbit Vision Systems

Uster Technologies has announced the successful closure of the...

Interviews View All

Headhonchos
Textiles & allied industry

Textiles industry is always in the forefront in accepting latest technology

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Headhonchos
Indian textile value chain

'One nation, one tax' is a great concept

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


April 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search