# 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.

- Type: Acquisition
- Announced: 2018-10-12
- Where: Velka nad Veličkou, Czech Republic; Slovakia; and global Avgol sites, Czechia
- Jobs: 786
- Status: announced
- Capacity: Kordarna: 50,000 tons/year tire cord and technical fabrics; Avgol: 203,000 tons/year nonwovens
- Products: tire cord fabrics, technical fabrics, nonwovens
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Indorama Ventures](https://endata.com/companies/3457.md) (acquirer)
- [Avgol Industries](https://endata.com/companies/31847.md) (target)
- [Kordárna Plus](https://endata.com/companies/32838.md) (target)
- [Kordarna](https://endata.com/companies/34855.md) (target)

## Sources

- [man-made-fibers.textiletechnology.net](https://man-made-fibers.textiletechnology.net/news/acquisition-of-kordarna-and-avgol-207270), 2018-10-12: "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."
- [plasticsandrubberasia.cn](https://www.plasticsandrubberasia.cn/en/news/dsm-completes-sale-of-fibrants-caprolactam-business-to-highsun-indorama-completes-buy-of-tyre-cord-maker/), 2018-11-26: "Indorama Ventures Public Company Limited (IVL) has completed its acquisition of Kordárna Plus a.s., the largest producer of tyre cord fabrics in Europe."

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