IVL Acquires 100% Share of “Sinterama” for Market Penetration

Indorama Ventures Public Company Limited (IVL) has informed an indirect subsidiary Indorama Netherlands B.V. (INBV), signed a definitive sale and purchase agreement on 29th July 2019 to acquire a 100% stake of Sinterama S.p.A. and its subsidiaries (Sinterama).

The acquisition of Sinterama comprises of 5 production sites in 4 countries: Italy, Brazil, China, and Bulgaria, with a combined capacity of approximately 30,000 tonnes/ annum.

Sinterama is vertically integrated from chips to yarns and offers a vast range of colored polyester yarns for the automotive, furnishing, apparel and technical applications. Since its inception in 1968, Sinterama has offered the most innovative solutions and invested in cutting-edge product research. This acquisition is a perfect fit for IVL providing an excellent platform to integrate IVL’s existing specialties business with Sinterama’s strong production base. The highly complementary portfolio, customer base and geographical footprint of the two companies will open up new market opportunities and enhance value to IVL’s customer by further enabling them to leverage IVL’s existing manufacturing capabilities and supply chain.