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Indorama to take full control of Trevira

Thai yarn producer Indorama Ventures has agreed to acquire the remaining shareholding of German polyester manufacturer Trevira from a former joint venture partner.

In February 2011, Indorama teamed up with Italian manufacturer of dyed polyester yarns Sinterama to purchase Trevira. As part of the deal, it took a 75% stake in the company, with Sinterama holding the remaining 25%. Indorama has now moved to acquire this share.

“Trevira with its renowned brand is an integral part within our specialty portfolio strategy,” explained Uday Gill, CEO of Indorama’s fibres division. “We see further growth potential especially in the hygiene and automotive segments, as well as in the high-end home textiles business."

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