# Indorama Ventures acquires airbag fabric manufacturer UTT

Indorama Ventures (IVL) completed the acquisition of UTT Beteiligungsgesellschaft mbH, a supplier of airbag fabrics with manufacturing sites in Germany and Mexico, including a plant in Huejotzingo, Puebla.

- Type: Acquisition
- Announced: 2019-03-07
- Where: Huejotzingo, Puebla, Mexico
- Status: completed
- Capacity: 70 million square meters of fabrics per year
- 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)
- [UTT Beteiligungsgesellschaft mbH](https://endata.com/companies/36037.md) (target)

## Sources

- [mexico-now.com](https://mexico-now.com/indorama-acquires-german-airbag-fabric-manufacturer-utt-deal-includes-a-plant-in-puebla/), 2019-03-07: "This acquisition represents the continuation of our transformation journey to create a strong platform for sustainable growth."

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