Indorama acquires DuPont Teijin’s film business

Indorama acquires DuPont Teijin’s film business

6:12 AM, 11th October 2017
Indorama logo

BANGKOK, THAILAND: Indorama Netherlands BV (INBV), a subsidiary of Indorama Ventures Public Company Limited (IVL) has signed a definitive share purchase agreement with DuPont Teijin to acquire a 100 percent stake in their films business.

The transaction is expected to be completed within the fourth quarter of 2017/ early 2018.

The business comprises of eight production assets in US, Europe and China, with a global innovation centre in the UK with a total film/polymer capacity of 277,000 tonnes per annum.

This acquisition will mark a new chapter for IVL. It is the next step in creating a leading position for customer solutions in films.

DuPont Teijin Films (DTF), a joint venture between DuPont and Teijin Limited, is the world’s premier producer of biaxially-oriented polyethylene (BOPET) and polyethylene naphthalate (PEN) polyester high value-added films for the specialty, industrial, packaging, automotive, advanced magnetic media, photosystems, electrical and electronics markets and many more products that are essential in modern life and has been recognized for their market leadership and product innovation.

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