Indorama Ventures Completes Acquisition of Europes Leading Supplier of Polyester Automotive Interiors and High Performance Coloured Yarns

Event Calendar Press Releases Thursday November 21, 2019 09:39
Bangkok--21 Nov--Indorama Ventures

Indorama Ventures Public Company Limited (IVL), a global chemical producer, announced it has successfully completed the acquisition of Sinterama S.p.A, a leading Global polyester automotive interiors and high performance colored yarns manufacturer.

This acquisition elevates IVL's capability to deliver comprehensive and innovative solutions in highly specialized applications including coloured polyester yarns for the automotive, furnishing, apparel and technical applications. The combination of IVL's existing manufacturing capabilities and supply chain with Sinterama's industry-leading portfolio gives IVL added momentum to serve the increasing demand for automotive and home applications.

Sinterama has approximately 890 employees working at five production sites in four countries in Italy, Brazil, China and Bulgaria, which is a new market for IVL. Sinterama holds leading positions in highly specialized applications in Europe, with an excellent reputation and proven technology. Sinterama's expertise and network of strategically located facilities will be integrated into IVL's existing specialties business, thereby creating the industry partner of choice for high-value polyester yarns.

Mr. Aloke Lohia, Group CEO of Indorama Ventures said, "We are pleased to complete this acquisition and excited to welcome our new colleagues to the IVL family. The addition of Sinterama bolsters our leadership position and further differentiating our portfolio to ensure that we are well-positioned to support customers today and into the future. We look forward to delivering on the opportunities that this acquisition provides, and building our journey of growth together."


Latest Press Release

Tops and Central Food Hall announce new opening hours from April 3 onward

imposed curfew which bans people nationwide from leaving their homes during 22.00 – 04.00 from April 3 onward in order to reduce the spread of COVID-19, the company recognizes the importance of the safety of our customers, partners and employees...

OmniSci Announces Expansion to Address Growing Demand in Asia, Adds Joseph Lee as Vice President, Global Sales

OmniSci, the pioneer in accelerated analytics, today announced its expansion to Asia, the next step in meeting the intensifying global demand for the company’s analytics capabilities. Based in Singapore, OmniSci’s new sales and field...

ฟอร์บส์ สื่อดังระดับโลก ติดตามภารกิจมหาเศรษฐีโลกรวมใจสู้ภัยโควิด-19 มีชื่อ “ธนินท์ เจียรวนนท์” จากไทยรวมในทำเนียบเศรษฐีใจบุญ

รายงานข่าวจากเครือเจริญโภคภัณฑ์ เปิดเผยว่า ล่าสุดเว็บไซต์ FORBES.COM สื่อดังระดับโลกเผยแพร่บทความ Billionaire Tracker: Actions The World’s Wealthiest Are Taking In Response To The Coronavirus Pandemic...

Fivewhale.com led by Supachai Sukhanindr, Ph.D. will host 2 sessions of free webinar in English on Wednesday April 8th, 2020

Fivewhale.com led by Supachai Sukhanindr, Ph.D. will host 2 sessions of free webinar in English on Wednesday April 8th, 2020 From 3.00 p.m. – 4.00 p.m. “3rd Wave AI by Mind AI” by Mr. Paul Lee, M.D Founder & CEO of JNP LAB in...

KTC lets cardmembers feel at ease with 5% instant discounts for Coronavirus coverage insurance from Frank.

“KTC” or Krungthai Card Public Company Limited, jointly with Frank Insurance Broker (Thailand) Company Limited, let KTC credit cardmembers feel at ease with 5% instant discounts for Coronavirus coverage insurance with Frank Insurance Broker,...

Related Topics