>>
Home / Knowledge / News / Textiles / Indorama Ventures takes over Tuntex (Thailand)

Indorama Ventures takes over Tuntex (Thailand)

20
Dec '08
Indorama Ventures Company of Thailand has acquired 97 percent equity stake in Tuntex (Thailand) Public Company Limited. On acquisition, name of the company has been changed to Indorama Polyester Industries Public Company Limited. The plants are located in Map-ta-Phut, Rayong, Thailand.

Indorama paid Baht250 million (US $7.14 million) last week for an additional 31 percent stake. The Company now plans to make Tuntex a fully owned subsidiary by late January 2009. Tuntex will then be de-listed from the Thai stock exchange.

Indorama Ventures acquired the equity stake in the company in October, 2008 and has restarted operations with a trial run on December 15, 2008.

Sources from the Company informed Fibre2fashion.com that on December 16, an extraordinary General Meeting of shareholders of Tuntex (Thailand ) Public Company Limited was called to pass few resolutions regarding this acquisition.

On this day, Tuntex accepted resignation of their Directors namely, Mr Chan Jei-Chien, Mr Lin Jung-Tsung, Mr Solarn Suthiphongkanasai.

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Textiles | On 21st May 2022

China-S Korea trade exceeds $360 bn; 2-way investment crosses $100 bn

China-South Korea bilateral trade has exceeded $360 billion,...

Pic: Shutterstock

Apparel/Garments | On 21st May 2022

India’s RMG exports surged 16.4% in April 2022 in value terms

India's readymade garment (RMG) exports have registered a growth of...

Pic: Shutterstock

Textiles | On 20th May 2022

China reiterates call for tariffs cut after US official’s statement

After US treasury secretary Janet Yellen called for tariffs cuts on...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Switch was not 100% pandemic related

Water stewardship, Stakeholders

Water stewardship
Stakeholders

Water use efficiency remains relatively unexplored

Textile Industry, Head honchos

Textile Industry
Head honchos

Global supply chain collapsed during the pandemic

Leanne Elliot – Young,

Leanne Elliot – Young

Forging the future of digital discourse, the Institute of Digital Fashion...

Juan Pares Boj,

Juan Pares Boj

Textil Santanderina is a cutting-edge textile company located in...

Dr. A Sakthivel,

Dr. A Sakthivel

Incorporated in 1978, the Apparel Export Promotion Council (AEPC) is the...

Frank Heislitz, Freudenberg

Frank Heislitz
Freudenberg

Freudenberg Performance Materials is a leading global manufacturer of...

Francesco Vergentini, A.Celli Nonwovens

Francesco Vergentini
A.Celli Nonwovens

A.Celli Nonwovens offers a complete range of rewinders and rewinders...

Suresh Patel, Non Woven Federation of India

Suresh Patel
Non Woven Federation of India

The Non Woven Federation of India (NWFI), representing the regional...

Seema Gujral, Label Seema Gujral

Seema Gujral
Label Seema Gujral

<b>Seema Gujral</b>'s designs for her eponymous label revolve around...

Meghana Goyal, Label - Summer Somewhere

Meghana Goyal
Label - Summer Somewhere

Summer Somewhere is a conscious clothing brand designed for every girl in...

Gavin Miguel, Label Gavin Miguel

Gavin Miguel
Label Gavin Miguel

Acclaimed fashion designer <b>Gavin Migue</b>l is known for his couture...

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

ESTEEMED CLIENTS

HYOSUNG CORPORATION INDIA PRIVATE LIMITED
Centric Software
Lectra Technologies India Pvt Ltd.
Benetton Group
USTER
Truetzschler India Private Limited
Weitmann & Konrad GmbH & Co. KG
Thermore (Far East) Ltd.
International Sourcing Expo Australia
Thai Trade Center
H. Stoll AG & Company KG
Zydex Industries
Kornit Digital Asia Pacific Ltd
FESPA (Reigate)
Sportswear Company Spa
Mayer & Cie. GmbH & Co. KG
China World International Exhibition Company Limited
Puma
Thai Acrylic Fibre Company Limited
EPCH
Maceton Limited
Babyshop
Itema Weaving (India) Private Limited
Infor (Hong Kong) Limited
Tchibo GmbH
GIOVANNI BOZZETTO S.p.A.
Gap International Sourcing Limited
GERBER TECHNOLOGY LTD.
Tradewind International Servicing
Sateri (Jiujiang) Fiber Co.,Ltd
Vardhman Textile Ltd
Nandan Denim Limited
CSGIA(China Screen Printing & Graphic Imaging Association)
Xtema - Thomas Lebherz Textilmaschinen
Zünd Systemtechnik AG
GHCL LIMITED
International Textile Manufacturers Federation
Asos
Alix Partners
Gatsby Africa
Reiter India Private Limited
Sportmaster Ltd.
Datatex Consulting Srl
Tory Burch Hong Kong Ltd
G-Star Raw C.V.
Tommy Hilfiger
Aquarelle Clothing Limited
DuPont de Nemours, Inc.,
T.T. Limited
Italian Trade Commission
BRINKMANN GMBH
Chico’ FAS
Restoque S.A.
The LYCRA Company Singapore  Pte. Ltd
Abit
Savio Macchine Tessili S.P.A.
Newtech Textile Technology Development (Shanghai) Company Limited
Inter Expo Center Ltd.
ITMA Services Pte Ltd
LC Waikiki
Target Corporation (MN)
Datacolor AG Europe
Aleph Srl
Rieter India Private Limited
Loris Bellini S.r.l.
K AND D ITMACH EXPOSITIONS LLP
Flainox S.r.l.
Recron Polyester from Reliance Industries Limited
NITI Aayog
Gokaldas Exports Limited
Marzoli Machines Textile s.r.l.
Jindal Worldwide Limited
Brandix Lanka Limited
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
Bluestem Global Sourcing Limited
MAS Active / MAS Kreeda / MAS Bodyline
Stahl Holdings B.V.,
G.A.S. unternehmenskommunikation gmbh
Landmark Group
Hirdaramani International Export Private Limited
SYNERGIES HONG KONG LIMITED
Lisa S.P.A.
Indofil Industries Limited - Specialty & Performance Chemicals Division
Meera Dyestuff Industries
COTTON COUNCIL INTERNATIONAL
Rayonese Textile Inc., Division de Culp Inc.
Grasim Industries Limited
Pt. Peraga Nusantara Jaya Sakti
Boardriders Asia Sourcing Limited
Alison Hayes Romania
Etam Group Strategy Hong Kong Limited
IDH – The Sustainable Trade Initiative
EUROVET ASIA LTD
Equinox Impex India
Colours India Inc
Gloria Jeans
The LYCRA Company Singapore  Pte. Ltd
Midas Clothing Limited
Lenzing Aktiengesellschaft - India
IFF Media Ag - International Media Services
Permoda(Koaj/Armi/Pronto/Bkul)
Kern – Liebers Textile
Arvind Limited
PVH Corporation
Indo Tex
Eastman Chemical Company
KIABI
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD
Splash
Lifestyle
Eurofins BLC Leather Technology Centre Ltd
Calvin Klein
Dow Silicones Corporation
N9 World Technologies Private Limited
Green Fibre
KAS Direct Sourcing
THE BOMBAY DYEING ;& MFG.CO. LTD
OVS Hong Kong Sourcing Ltd.
Saurer Textile Solutions Pvt. Ltd.
Hela Clothing Pvt Ltd
Seasalt Limited
BIMBA ;& LOLA SL
Lenzing Aktiengesellschaft
BTC Textiles LLC
TÜYAP IHTISAS FUARLARI A.S.
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Coats Digital Limited
Amazon China
Tuyap Tum Fuarcilik Yapim A.S.
John Varvatos
APLF Limited
Lacoste (Wanchai)
TESCO INTERNATIONAL SOURCING LIMITED
Applied DNA Sciences Inc
TEXVALLEY MARKET LIMITED
Helly Hansen Far East Ltd
Groz-Beckert KG
Huntsman (Singapore) Pte Ltd
Page Industries Limited (Bangalore)
Palexpo SA
Karl Mayer Textilmaschinenfabrik GmbH
J ;& P Coats
Jiangsu Yingyang Nonwoven Machinery Company Limited
Color Service s.r.l.
Aramark Uniform ;& Career Apparel, LLC
Desigual - ABASIC, S.A.
Mesdan SPA
JES MEDIA, INC
Phong Phu international JSC (PPJ)
Woolmark Services India Pvt. Ltd.
UBM China (Shanghai)
DyStar India Pvt. Ltd
SHAHI Exports Pvt Ltd
X-Rite Asia Pacific Limited (HK)
Bluesign Technologies Ag
CGS Inc.
Comasia Limited
Messe Frankfurt Exhibition GmbH
Esprit Europe Services GmbH
C;&A Sourcing International Ltd
FULGAR SpA
Groz-Beckert East Asia LLP
Copenhagen Fashion Summit
Shima Seiki Mfg. Ltd.
Messe Duesseldorf
BTSR International S.P.A.
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
Vianney Textil Hogar S.A. De C.V.
Taiwan Textile Federation (TTF)
Decathlon
Under Armour Global Sourcing Ltd
Guess Europe Sagl,
EMBEE CORPORATION
Recron Polyester from Reliance Industries Limited
Officina Meccanica Dora Enrico Srl
VNU Exhibitions Asia
NV Michel Van de Wiele
Performance Days
ZAITEX spa
Cat Tuong Real Estate Group Joint Stock Company
Istanbul Fuarcilik A.S.
Nihalani Events Management
Haelixa AG
IIGM Private Limited
Chori Company Limited
The Top Form Brassiere Manufacturing Company Limited
Lululemon Athletica Inc
Walmart
BIANCA
Shanghai  Aige Exhibition Service Co., Ltd
H;&M Hennes ;& Mauritz (Far East) Ltd
Sainsbury's Argos Asia Limited
Varner AS Retail
Rosset ;& Cia Limited
TESTEX AG, Swiss Textile Testing Institute
Lottmann Communications
IKEA of Sweden AB
Brückner Trockentechnik GmbH & Co. KG

May 2022

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


Advanced Search