Home / Knowledge / News / Textiles / Indorama Ventures buys polyester assets in Poland & Indonesia
Indorama Ventures buys polyester assets in Poland & Indonesia
Dec '10
Thailand's Indorama Ventures Public Company Limited has signed agreements with Korea's SK Chemicals Company Limited to acquire the entire issued capital of SK Eurochem Sp. z o.o., in Poland and PT SK Keris together with its subsidiary PT SK Fiber in Indonesia.

The acquisitions will consolidate Indorama Ventures (IVL) position in the two important emerging markets of East Europe and Southeast Asia with Polyethylene Terephthalate resin (PET) and Polyester Fibres and Yarns businesses. SK Eurochem is a 140,000 tons per annum PET manufacturing facility while SK Keris is a 160,000 tons per annum PET and Polyester Filament Yarn manufacturing facility and SK Fiber Indonesia is a Polyester Filament Yarn manufacturing facility with a capacity of 36,000 tons per annum.

Mr. Aloke Lohia, Group CEO of Indorama Ventures Pcl, said, "The business and markets of these SK Chemicals' assets are in new and attractive geographic regions that Indorama has been keen to develop. These acquisitions will allow the Company to build upon its objective of expanding its global platform by entering emerging markets with high long-term potential for demand. This will also strengthen our value proposition to our regional and global customers and stakeholders alike, while further reinforcing our ongoing focus on the Polyester value chain."

Indorama Ventures has built up a strong brand with cost leadership position in the Polyester value chain. The acquisition in Poland is virtually integrated with a third party supplier of Purified Terephthalic Acid (PTA), further consolidating the Company's low cost structure.

The Indonesian assets very much mirror the earlier announced acquisition of parts of Invista in USA and Mexico, in that they produce differentiated polymers and fibres that complement Indorama Ventures portfolio of speciality products. Indorama will now be amongst the largest producer of polymer for films to serve markets in Asia, Europe, USA and Latin-America.

"As IVL expands into the Polyester value chain and enhances its product capabilities, we are creating appeal to new customers with our differentiated portfolio of attractive and value-added products. These new acquisitions in Indonesia along with previously announced plans in USA and Mexico will allow us to offer a broader range of specialist polymers and fibres to serve customers in Asia and Americas," Lohia added.

The Royal Bank of Scotland acted as the sole financial advisor to Indorama Ventures.

Indorama Ventures Public Company Limited, listed in Thailand is a leading integrated producer in the polyester value chain with strong global network and manufacturing across Asia, Europe and North America. Its products serve major branded players in diversified end use markets, including food, beverages, personal and home care, health care, automotives, textile, and industrial.

The company's main products are PTA, PET, Polymers and Polyester fibres, which are manufactured and distributed across the world. IVL has approximately 3,500 employees worldwide and annual consolidated revenue of $2.3 billion in 2009.

Indorama Ventures Public Company Limited

Must ReadView All

Rick Helfenbein (left), president and CEO of AAFA, with Juan Estrada, chief of party, Hub; Courtesy: Hub

Apparel/Garments | On 23rd Feb 2017

AAFA inks agreement for best manufacturing in East Africa

The American Apparel & Footwear Association (AAFA) has entered into a ...

Mango vice-chairman and member of the board of directors Daniel Lopez (L) with Ananth Narayanan, CEO, Myntra & Jabong. Courtesy: Myntra

Apparel/Garments | On 23rd Feb 2017

Mango awards distribution & management rights to Myntra

Mango, the Spanish fast fashion brand, has awarded its master...

Courtesy: IUCN

Apparel/Garments | On 23rd Feb 2017

Synthetic clothes should shed fewer fibres: IUCN report

Synthetic clothes should be designed in a manner that it will shed...

Interviews View All

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

February 2017

February 2017

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


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search