Home / Knowledge / News / Textiles / Indorama Ventures enters European speciality fibres market
Indorama Ventures enters European speciality fibres market
07
Feb '11
Indorama Ventures Public Company Limited has signed a definitive share purchase agreement to acquire German company Trevira GmbH through a joint venture with Italy's Sinterama S.p.A. Indorama Ventures will become the majority partner while Sinterama will take a strong management role in the new joint venture company.

Trevira is the market leader in Europe in high value applications of polyester, especially in automotive and home textiles and as such is a widely known and well- recognized brand amongst both customers and producers of synthetic fabrics. The company has several valuable patents and technologies together with a strong R&D setup with substantial accumulated research knowledge. Trevira's knowledge base developed over a long period of time will be complementary to Indorama Ventures. The synergy will provide comprehensive and innovative solutions for apparel and industrial applications of polyester to customers worldwide.

The acquisition comprises two manufacturing sites in Germany, at Bobingen, Bavaria, and Guben, Brandenburg with a total capacity of 120,000 tonnes per annum and a plant in Zielona Góra, Poland that will process the fibres and filaments manufactured in Germany.

Mr. Aloke Lohia, Group CEO of Indorama Ventures said, "This acquisition will allow us to acquire one of Europe's best known Polyester specialty fibres and yarns brands, further diversifying our product offering to our customers. Trevira has a research and development laboratory that develops polymers and fibres and already has many patents to its name. This will make a good fit for our business as we will be able to develop new value-added products to meet customers' needs in the future.

"We have joined with a strong global partner in Sinterama, which has many years of experience in specialty polyester products that will help us to expand further globally and attract new customers. We look forward to a long and successful partnership with Sinterama," Lohia added.

Trevira GmbH was founded in 1956 as the fiber business of Hoechst, one of Germany's foremost chemical companies and became an important European manufacturer of high quality branded polyester fibres and filament yarns for the home textiles, apparel and automotive industries, the hygiene sector and technical applications.

Headquartered in Biella, Italy, Sinterama is a leading European manufacturer of dyed polyester yarns for the automotive, home textile, apparel and technical products industries. It has operations in Italy, the UK, Turkey, Brazil and China.

Indorama Ventures Public Company Limited, listed in Thailand is the world's leading producer in the polyester value chain with a strong global network and manufacturing across Asia, Europe and North America.

Indorama Ventures Public Company Limited


Must ReadView All

Israeli minister announces tax cuts on consumer goods

Apparel/Garments | On 14th Dec 2017

Israeli minister announces tax cuts on consumer goods

The Israeli Government will slash taxes by $227 million, finance...

Courtesy: Kelvin Techstyles

Apparel/Garments | On 14th Dec 2017

Kelvin Techstyles fuses style and function in city apparel

Fusing style and function in outdoor clothing, Roseville,...

India’s WPI inflation for textiles up 0.3% in Nov 2017

Textiles | On 14th Dec 2017

India’s WPI inflation for textiles up 0.3% in Nov 2017

India’s annual rate of inflation, based on monthly wholesale price...

Interviews View All

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Harmeet Singh

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

Urmil Arya

Sushila International, a well established textile organisation established ...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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 <b>Prathyusha Garimella</b> is known for blending ...

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

December 2017

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
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

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
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

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
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

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
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


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