Related Keywords: Asian manufacturing operations, expand polyester capacity, fastest-growing market, global demand, Indorama Venture Plc, Performance Fibers Asia, plan to acquire, polyester portfolio, polyester tire cord fabric, Sun Capital Partners Inc
Indorama Venture Plc (IVL) has announced that (subject to the approval of regulators) it plan to acquire the Asian manufacturing operations of Performance Fibers Asia (PF Asia) from an affiliate of Sun Capital Partners Inc.
The acquisition of PF Asia will both increase IVL's polyester capacity by 2% to 1.82mta (and expand its total capacity by 0.5% to 8.41mta) and boost its High Value Added (HVA) polyester portfolio by 15% to 322kta.
