Indorama Ventures acquires DuraFiber Technologies in Mexico and France

Indorama Ventures has agreed to acquire DuraFiber Technologies' operations in Mexico (Queretaro) and France (Longlaville), adding capacity for PET and Nylon 6 tire cord fabrics and industrial textiles. The transaction is expected to close in Q3 2017.

“Indorama Ventures Public Company Limited (IVL), a global chemical producer, has announced that it has entered into an agreement to acquire DuraFiber Technologies México Operations, S. A. DE C. V. (DFT), a leading Mexican producer of durable technical textiles for industrial, tire reinforcement, and ”indoramaventures.com

• 7 sources
• indoramaventures.comIndorama Ventures Acquires DuraFiber Technologies Accelerating Growth in IVL’s Automotive and Industrial Sectors | Indorama VenturesAug 15, 2017
• tevonews.comIndorama acquires Durafiber Mexico facilitiesChris RemingtonAug 15, 2017
• rubberjournalasia.comIndorama Ventures acquires textile producer DuraFiber Technologies - Rubber Journal Asia -News on Rubber machinery , Manufacturers , Rubber chemical producers and Rubber processorsadminAug 16, 2017
• indiantextilejournal.comIndorama Ventures to acquire Durafibre - Indian Textile JournalByAug 17, 2017
• fiberjournal.com

Summarized from public sources; check the original articles before acting on it.