Home    Resource Store    Past Issues    Buyers' Guide    Career Center    Subscriptions    Advertising    E-Newsletter    Contact

Textile World Photo Galleries
November/December 2014 November/December 2014

View Issue  |

Subscribe Now  |

Events

Introduction To Spunbond and Meltblown Technology
02/02/2015 - 02/06/2015

ExpoProducci├│n
02/04/2015 - 02/06/2015

2015 National Cotton Council Annual Meeting
02/06/2015 - 02/08/2015

- more events -

- submit your event -

Printer Friendly
Full Site
Fiber World

Indorama Acquires SASA

Polyester precursors, fiber, yarn and components producer Indorama Ventures Public Co. Ltd. (IVL), Thailand, has through its subsidiary Indorama Netherlands B.V. (IBV) acquired 51 percent of polyethylene terephthalate (PET) producer SASA Polyester Sanayi A.S. (SASA), Turkey. IBV also plans to acquire the remaining 49-percent share of SASA.

SASA’s integrated feedstock and polymer facilities produce dimethyl terephthalate, staple fibers, filament yarns, PET, polybutylene terephthalate polymers and specialty chemicals; and have a total annual capacity of 600,000 tons. The company supplies more than 150 types of products to more than 54 countries.

The acquisition enables IVL to expand into new territories, according to IVL CEO Aloke Lohia. “The company is a well-known producer in the country and is an excellent first step into the Turkish market, allowing us to leverage its HVA [high value add] production facilities to provide advantaged portfolio extensions for current and new customers,” he said. “Turkey provides us the potential for expansion of domestic sales and opens up the opportunity to sell into the surrounding underserved region.”

May/June 2014
 




Advertisement