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Fiber World

Sinterama, Indorama Ventures To Acquire Trevira

A consortium comprising Thailand-based polyester polymer and fiber manufacturer Indorama Ventures PCL and Italy-based dyed polyester yarn manufacturer Sinterama S.p.A. has agreed to acquire polyester fiber and filament manufacturer Trevira GmbH, Germany. The transaction is expected to close in the first quarter of 2011.

Trevira, which was re-established in January 2010 in the wake of its insolvency in 2009, has manufacturing sites in Germany and Poland and employs some 1,350 workers. The company will become part of Indorama's and Sinterama's global network under a new joint venture company, but will continue to operate as an independent company.

March/April 2011