Thailand-based Indorama Ventures PCL Group (IVL) has consolidated its ownership by acquiring the remaining 25-per cent shareholding of Trevira from its earlier joint venture partner Sinterama S.p.A. with this Trevira GmbH, a leading European fibre manufacturer has become a wholly owned subsidiary of IVL.
Trevira with its renowned brand is an integral part within their speciality portfolio strategy, explains Uday Gill, CEO of IVL’s Fibres Business. They see further growth potential especially in the hygiene and automotive segments, as well as in the high-end home textiles business. For Trevira CEO Klaus Holz the takeover of the remaining Sinterama share is just the last consequent step which documents the long-term commitment of the parent company. For Trevira and its customers and suppliers, this consolidation reflects Indorama Ventures’ commitment to investing in the company and ensuring a continued strong and reliable partnership, said Holz. IVL has supported them from the very beginning in all their activities and has integrated them in its global network. They cooperate in joint projects and benefit significantly from the synergies within the IVL group.