United States of America:Indorama acquires mono & bi-component fibers firm

A new Post "United States of America:Indorama acquires mono & bi-component fibers firm" was written on the January 6, 2012 at 4:17 pm on "Textile Global - Textile and Fashion News".

  

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Indorama acquires mono & bi-component fibers firm

January 06, 2012 (United States of America)

Indorama Ventures Public Company Limited at the Board of
Directors’ Meeting held
on January 4, 2012, approved to acquire 100% of FiberVisions Holdings
LLC, a global manufacturer of specialty mono and bi-component fibers
based in Duluth, Georgia, USA.

FiberVisions has a total global capacity of 221,000 tons per annum of
specialties, with 117,000 tons per annum capacity in the United States
of America, 90,000 tons per annum capacity in Europe and 14,000 tons
per annum capacity in China.

FiberVisions Holdings, LLC and its subsidiaries are the global market
leader in high value applications of fibers. The products are used in
non-woven industries and used for various applications in hygiene,
wipes, construction, automotive and textile sectors. These companies
have several valuable patents and technologies together with a strong
R&D setup with substantial accumulated research knowledge.

The acquisition of FiberVisions will significantly enhance
IVL’s position in the
World’s most
specialized fibers business for hygiene products and complements
IVL’s strength as the
World’s largest
polyester producer with
FiberVisions’ as the
largest producer of polypropylene fiber, who together will better
cover customer needs in all parts of the World.

A new, indirect subsidiary, Indorama Ventures Performance Fibers
Holdings USA LLC, has been formed in the USA in order to acquire the
business. The closing of the transaction will take place on January 6,
2012.

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United States of America:Indorama acquires mono & bi-component fibers
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[1] http://news.fibre2fashion.com/
[2] http://www.textileglobal.com/javascript:doGTranslate(\'en|en\')
[3] http://www.textileglobal.com/javascript:doGTranslate(\'en|it\')
[4] http://www.textileglobal.com/javascript:doGTranslate(\'en|es\')
[5] http://www.textileglobal.com/newsdetails.aspx?news_id=106967
[6] http://www.textileglobal.com/newsdetails.aspx?news_id=106963
[7] http://www.textileglobal.com/newsdetails.aspx?news_id=106951
[8] http://www.textileglobal.com/newsdetails.aspx?news_id=106952
[9] http://www.textileglobal.com/newsdetails.aspx?news_id=106947

http://www.textileglobal.com/2012/01/united-states-of-americaindorama-acquires-mono-bi-component-fibers-firm.html

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