12. May 2017
Indorama Ventures becomes sole owner of TreviraLeading European fibre manufacturer Trevira GmbH, Bobingen, Germany, has become a wholly owned subsidiary of the Thailand based Indorama Ventures PCL Group (IVL). IVL has consolidated its ownership by acquiring the remaining 25 % shareholding of Trevira from its earlier joint venture partner Sinterama S.p.A..
“Trevira with its renowned brand is an integral part within our specialty portfolio strategy”, explains Mr. Uday Gill, CEO of IVL’s Fibres Business. “We 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.