# Indorama Ventures completes acquisition of German airbag yarn producer UTT

Indorama Ventures Public Company Limited has completed the acquisition of UTT Beteiligungsgesellschaft mbH, a leading supplier of airbag fabrics with manufacturing sites in Germany and Mexico and a combined capacity of around 70 million sqm of fabrics.

- Type: Acquisition
- Announced: 2019-02-28
- Where: Gersthofen, Bavaria, Germany
- Jobs: 140
- Status: completed
- Capacity: 70 million sqm of fabrics
- Products: airbag fabrics, technical textiles
- 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)
- [Invista Resins and Fibers](https://endata.com/companies/4414.md) (target)
- [UTT Beteiligungsgesellschaft mbH](https://endata.com/companies/36037.md) (target)

## Sources

- [beta.indoramaventures.com](https://beta.indoramaventures.com/news/press-releases/indorama-ventures-completes-acquisition-of-german-airbag-yarn-producer-utt), 2019-02-28: "I am excited to bring UTT to the IVL family."
- [chemanager-online.com](https://chemanager-online.com/en/news/indorama-closes-deal-for-invista-gersthofen), 2019-03-11: "This exciting step forward will lead us to further accelerate our transformation."

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