# Indorama Ventures to acquire Kordárna Plus for undisclosed sum

Indorama Ventures Public Co. Ltd (IVL) has reached an agreement to acquire Czech tire cord and technical fabrics business Kordárna Plus a.s., including one production site in the Czech Republic and one in Slovakia, with a combined capacity of 50 ktpa. The transaction is expected to close in H2 2018.

- Type: Acquisition
- Announced: 2018-06-29
- Where: Czech Republic and Slovakia, Czechia
- Status: announced
- Capacity: 50 kilotonnes per annum
- Products: tire cord fabrics (polyester, nylon 66, nylon 6, rayon, aramid, hybrids), technical fabrics
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Indorama Ventures](https://endata.com/companies/3457.md) (acquirer)
- [Kordárna Plus](https://endata.com/companies/32838.md) (target)
- [Jet Investment](https://endata.com/companies/32839.md) (partner)

## Sources

- [european-rubber-journal.com](https://www.european-rubber-journal.com/article/2066815/indorama-aims-to-lead-european-tire-cord-business-with-czech-acquisition), 2018-07-02: "With the acquisition, IVL claims, the company will become the biggest tire cord producer in Europe and second largest tire cords supplier globally."
- [textilemedia.com](https://www.textilemedia.com/about-us/latest-news/?start=2512), 2018-08-09: "Global chemical producer Indorama Ventures is to acquire Kordárna Plus, one of the largest producers of tyre cord fabrics in Europe, from Jet Investment."
- [textilemedia.com](https://www.textilemedia.com/mobiletex/latest-news/archive/2018/?start=20), 2018-09-17: "Global chemical producer Indorama Ventures is to acquire Kordárna Plus, one of the largest producers of tyre cord fabrics in Europe, from Jet Investment."

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