Indorama acquires full ownership in German JV, Trevira Holdings

Indorama acquires full ownership in German JV, Trevira Holdings

7:24 AM, 26th April 2017
Indorama logo

BANGKOK, THAILAND: Indorama Netherlands BV (INBV) has signed a definitive share purchase agreement to acquire remaining 25 percent stake in Trevira Holdings GmbH (Trevira) from its joint venture (JV) partner, Sinterama SpA.

The transaction is expected to be completed within April 2017.

INBV is an indirect subsidiary of Indorama Ventures Public Company Limited (IVL). With this acquisition, IVL will hold 100 percent of Trevira. IVL had acquired 75 percent of Trevira in July 2011.

Trevira (headquartered in Hattersheim, Germany) is a leading brand of speciality polyester fibres globally.

© Worldofchemicals News 



Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News

TechnipFMC bags subsea contract for ExxonMobil deep water project

LONDON, UK/ PARIS, FRANCE/ HOUSTON, US: TechnipFMC (FTI) has been awarded a contract by an affiliate of ExxonMobil Corporation (XOM) for the ...

Read more
PPG increases prices for packaging coatings

PITTSBURGH, US: PPG Industries Inc (PPG) said that it increasing prices for its packaging coatings products globally. The increase to offset a signifi ...

Read more
Syngenta announces changes to board following ChemChina takeover

BASEL, SWITZERLAND: China National Chemical Corporation (ChemChina) and Syngenta AG announced changes relating to the new board of directors of Syngen ...

Read more
AkzoNobel supports chairman regarding Elliott’s EGM request

AMSTERDAM, NETHERLANDS: AkzoNobel NV strongly supports the chairman in response to extraordinary general meeting (EGM) request. On 12 April, AkzoNobe ...

Read more
BASF, Argonne reach resolution with Umicore over patents infringement

ISELIN, US: BASF and Argonne National Laboratory have reached a business resolution of their pending patent disputes with Umicore. Umicore is now lice ...

Read more
Wacker expands ketene production in Burghausen, Germany

MUNICH/ BURGHAUSEN, GERMANY: Wacker Biosolutions, the life sciences and biotechnology division of Wacker Group, is expanding its integrated ketene p ...

Read more uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X