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Indorama's new subsidiary to buy Wellman biz
24
Dec '11
With reference to the disclosure made by Indorama Ventures Public Company Limited (IVL) on September 21, 2011, regarding the acquisition of the recycling and fiber manufacturing businesses of Wellman International in Europe which closed on 30 November 2011, we would like to inform that, IVL has formed a new wholly owned indirect subsidiary in Netherlands by the name of Indorama Ventures Recycling Netherlands B.V. with authorized capital of Euro 90,000 to hold the acquired recycling and fiber businesses.

Indorama Ventures Public Company Limited is one of the largest vertically integrated polyester chain producers in the world and a leading global manufacturer of wool yarns.

Our global sales and manufacturing presence can be seen in all high-growth economies and industries. Our products serve major players in diversified end use markets, including food, beverages, personal and home care, health care, automotives, textile, and industrial.

Wellman International is Europe's leading producer of high quality polyester staple fibres. Central to our ethos, is our commitment to innovation and to working in partnership with our customers. This is achieved through sharing technological advances and the ongoing development of innovative concepts.

Indorama Ventures Public Company Limited (IVL)

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