Indorama Ventures to acquire European tyre cord producer


Global chemical producer Indorama Ventures is to acquire Kordárna Plus, one of the largest producers of tyre cord fabrics in Europe, from Jet Investment.

The acquisition includes a production site in the Czech Republic and one in Slovakia, with a combined tyre cord and technical fabric production capacity of 50,000 tonnes per annum.

Kordárna has 786 employees. The transaction is expected to be completed during the second half of 2018, subject to regulatory approvals.

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