Indorama Ventures Public Co. Ltd. recently entered into an agreement to acquire Italy-based Sinterama S.p.A, a leading global polyester automotive interiors and high performance coloured yarns manufacturer. According to a report, the acquisition comprises five production sites in four countries in Italy, Brazil, China and Bulgaria, the last being a new market for IVL. It has a combined capacity of around 30,000 metric tonne per year. Europe imports over 275,000 metric tonne of yarns annually and Sinterama can grow and strengthen its position as local supplier.