# Indorama Ventures acquires DuraFiber Technologies' Mexico operations

Indorama Ventures Public Company Limited finalized an acquisition deal with DuraFiber Technologies for its Mexico operations, gaining Mexico's sole domestic tire cord fabric producer.

- Type: Acquisition
- Announced: 2017-10-03
- Where: Mexico, Mexico
- Value: $600.0M
- Status: completed
- Capacity: 277,000 tonnes per annum
- Products: tire cord fabric, technical textiles
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [DowDuPont](https://endata.com/companies/3127.md) (partner)
- [Indorama Ventures](https://endata.com/companies/3457.md) (acquirer)
- [DuPont](https://endata.com/companies/13205.md) (partner)
- [DuPont](https://endata.com/companies/13205.md) (target)
- [Teijin](https://endata.com/companies/19925.md) (partner)
- [Teijin](https://endata.com/companies/19925.md) (target)
- [DuPont Teijin Films](https://endata.com/companies/24600.md) (target)
- [DuraFiber Technologies](https://endata.com/companies/26266.md) (target)

## Sources

- [bd.apparelresources.com](https://bd.apparelresources.com/business-news/sourcing/indorama-ventures-locks-acquisition-deal-durafiber-technologies/), 2017-10-03: "The acquisition of Durafiber will give us an opportunity to deal with the wide range of applications in the automotive fibre market, and expand capabilities to deliver best-in-market services to our customers."
- [apparelresources.com](https://apparelresources.com/business-news/sourcing/indorama-ventures-locks-acquisition-deal-durafiber-technologies/), 2017-10-03: "The acquisition of Durafiber will give us an opportunity to deal with the wide range of applications in the automotive fibre market, and expand capabilities to deliver best-in-market services to our customers."
- [indoramaventures.com](https://www.indoramaventures.com/en/investor-relations/newsroom/press-releases/177/indorama-ventures-acquires-dupont-teijin-films-strengthens-ivls-high-value-added-product-leadership), 2017-10-10: "Indorama Ventures Public Company Limited (IVL) has announced that it has entered into an agreement to acquire DuPont Teijin Films"
- [chemanager-online.com](https://chemanager-online.com/en/news/indorama-takes-dupont-teijin-films), 2017-10-12: "DTF provides prudent growth in an industry related to our core businesses and is a strong foundation for future growth."
- [plasteurope.com](https://www.plasteurope.com/news/INDORAMA_t238130/), 2017-10-13: "PET world market leader to acquire DuPont Teijin Films / Forward integration for polyester films"
- [doi.org](https://doi.org/10.1021/cen-09541-buscon1), 2017-10-16: "The Thai polyester giant Indorama has agreed to acquire DuPont Teijin Films for an undisclosed amount."
- [apic-online.org](http://www.apic-online.org/top_story.asp?ID=10163), 2017-10-16: "Indorama Ventures Pcl (IVL) has entered into an agreement to purchase DuPont Teijin Films (DTF), a joint venture of DuPont and Teijin that produces biaxially-oriented polyethylene terephthalate (BOPET) and polyethylene naphthalate (PEN) films."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.