Thursday, December 12, 2019

Indorama Ventures completes acquisition of Sinterama

Nov 20. 2019
Indorama Ventures chief executive Aloke Lohia
Indorama Ventures chief executive Aloke Lohia
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By THE NATION

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Indorama Ventures Public Company Limited (IVL), a global chemical producer, has successfully completed the acquisition of Sinterama S.p.A, a leading manufacturer of polyester automotive interiors and high performance coloured yarns manufacturer, the company announced today.

This acquisition elevates IVL’s capacity to deliver comprehensive and innovative solutions in highly specialised applications including coloured polyester yarns for the automotive, furnishing, apparel and technical applications. 

The combination of IVL's existing manufacturing capabilities and supply chain with Sinterama's industry-leading portfolio gives IVL added momentum to serve the increasing demand for automotive and home applications.

Sinterama has approximately 890 employees working at five production sites in four countries in Italy, Brazil, China and Bulgaria, which is a new market for IVL. 

Sinterama holds leading positions in highly specialised applications in Europe, with an excellent reputation and proven technology. Its expertise and network of strategically located facilities will be integrated into IVL’s existing specialities business, thereby creating the industry partner of choice for high-value polyester yarns.

“We are pleased to complete this acquisition and excited to welcome our new colleagues to the IVL family. The addition of Sinterama bolsters our leadership position and further differentiating our portfolio to ensure that we are well-positioned to support customers today and into the future. We look forward to delivering on the opportunities that this acquisition provides, and building our journey of growth together,” said Indorama Ventures chief executive Aloke Lohia.

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