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Indorama Ventures Public Company Limited finalized an acquisition deal with DuraFiber Technologies for its Mexico operations, gaining Mexico's sole domestic tire cord fabric producer.
Indorama Ventures has agreed to acquire DuraFiber Technologies' operations in Mexico (Queretaro) and France (Longlaville), adding capacity for PET and Nylon 6 tire cord fabrics and industrial textiles. The transaction is expected to close in Q3 2017.