Indorama Acquires FiberVisions
Polyester producer Indorama Ventures PCL (IVL), Thailand, has acquired specialty polyolefin staple
fiber and bicomponent fiber producer FiberVisions Holdings LLC, Duluth, Ga.
FiberVisions' production capacity totals more than 200,000 tons per year at facilities in the United States, Denmark, Argentina and China. The company devotes 75 percent of that capacity to fiber production for disposable branded feminine hygiene products and 25 percent to fiber production for automotive and industrial applications. FiberVisions also has a joint venture (JV) with bicomponent fiber producer JNC, Japan.
Over the last year, IVL also acquired Wichita, Kan.-based Invista's U.S. and Mexican polyester assets; Ireland-based Wellman International Ltd.'s recycling and fiber businesses in Europe; polyester fiber and filament producer Trevira GmbH, Germany, acquired through a JV with Sinterama S.p.A., Italy; and South Korea-based SK Chemicals Co. Ltd.'s polyester assets in Indonesia and Poland.