IVL becomes sole owner of Trevira

Thailand’s Indorama Ventures (IVL) has become the sole owner of Germany-based speciality polyester fibres producer Trevira through the acquisition by its indirect subsidiary Indorama Netherlands of the remaining 25% shareholding from its earlier joint venture partner Sinterama of Italy.

IVL had acquired 75% of Trevira in July 2011. The 100% ownership will provide incremental synergies within the IVL Group’s high value added portfolio, the company said in a statement.

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