Indorama Ventures to acquire Kordarna and majority stake in Avgol

Indorama Ventures will acquire Kordarna, a European tire cord fabric producer, and a 65.72% stake in Avgol Industries, a global nonwovens manufacturer, for US$1.62 per share.

“The leading integrated polyester producer Indorama Ventures Plc. Co. Ltd. (IVL), Bangkok/Thailand, will acquire Kordarna a.s., Velka nad Veličkou/Czech Republic, the largest producer of tire cord fabrics in Europe.”man-made-fibers.textiletechnology.net

• 2 sources
• man-made-fibers.textiletechnology.netAcquisition of Kordarna and AvgolEditorial Team TextileTechnologyOct 12, 2018
• plasticsandrubberasia.cnDSM completes sale of Fibrant's caprolactam business to Highsun | PRA-Plastics and Rubber Asia China Industry NewsPRANov 26, 2018

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