Indorama acquires FiberVisions

8:33 PM, 4th January 2012

BANGKOK, THAILAND: Indorama Ventures Ltd has acquired FiberVisions Holdings, a US based global manufacturer of specialty mono and bi-component fibres. The closing of the transaction will take place on 6 January 2012. FiberVisions has a total global production capacity of 221,000 tonne per year of specialties, with 117,000 tonne per year being produced in the US, 90,000 tonne per year in Europe and 14,000 tonne per year in China.

The acquisition of FiberVisions will significantly enhance Indorama’s position in the world’s most specialised fibre business for hygiene products, and complements Indorama’s strength as the world’s largest polyester producer with FiberVisions as the largest producer of polypropylene fibre, the company said in a statement.

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