Indorama Ventures acquires Italian polyester yarn supplier Sinterama
Acquisition strengthens Indorama Ventures' presence in automotive interior market
Indorama Ventures has acquired Sinterama, an Italy-based company specializing in colored polyester threads and yarns, for an undisclosed amount, the company said in a press release on 30 July. Founded in 1969, Sinterama operates five production facilities in Italy, Brazil, China and Bulgaria, employing 889 people. The company has a combined annual production capacity of around 30,000 tons. The acquisition is scheduled to be completed by third quarter of 2019, subject to regulatory approvals.
Thank you for visiting S&P Global AutoTechInsight.
*A subscription to News & Analysis includes four S&P Global-selected sector-specific analytical pieces per month. Access to all analytic pieces across all domains comes with a subscription to All Domains. Please click here to subscribe.
To get access to the AutoTechInsight full suite of services, please contact a sales representative by clicking here.
Already a subscriber? Please log in here
