YnFx logo
FacebookFacebookFacebook

News Tags

warning: Creating default object from empty value in /var/www/html/html/vhosts/ynfx_drupal/modules/taxonomy/taxonomy.pages.inc on line 33.

SASA plans to invest USD 70mn for new fiber production plant

Related Keywords: DMT, filament yarn, increase its present production capacity, investment is planned to be applied in about late next year, leading producer for PSF, market share, new fiber production plant, plan to invest USD seventy million, SASA

SASA, a leading producer in the world for polyester staple fibers, filament yarns, polyester-based and specialty polymers and intermediates (DMT), announced that they plan to make investment of USD 70 million for the new fiber production plant. This was decided at the Board of Directors meeting.

The investment is made due to the company’s need to increase its present production capacity and market share; and the investment is planned to be applied in about late 2017.

Indorama Ventures takeover Turkish firm SASA affluent with technology and competency

Related Keywords: DMT producers, Indoram Ventures PLC, polyester staple fibers, SASA, Turkish textile market

Indorama Ventures PLC through its subsidiary Indorama Netherlands B.V. (IBV) from Hacı Ömer Sabancı Holding A.Ş. (Sabancı Holding) has finally under the financial advice of Standard Chartered Bank managed to take over 51% stakes of SASA a leading producer in the world for polyester staple fibers, filament yarns, polyester-based and specialty polymers and intermediates (DMT). As per the Turkish Capital Markets Legislation, the balance 49% SASA’s share on the Borsa Istanbul and IBV will run a mandatory tender offer.

Copyright © 2014 Centerac Technologies Limited. All Rights Reserved
-->
feedback button