Buyer for polyamide 6.6 producer - sportstextiles: Lea SportsTextiles

News

Buyer for polyamide 6.6 producer

05/02/2014
Thailand-based fibre and yarn producer Indorama Ventures has emerged as the new major shareholder of German polyamide 6.6 yarn producer, PHP Fibers, buying an 80% stake.

Japanese manufacturer Toyobo has taken the other 20% of PHP.

Indorama Ventures chief executive, Aloke Lohia, said the acquisition would help speed the company’s growth.



Sportstextiles.com cannot be held responsible for content if the language setting is changed from English.

The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.