Indorama Ventures now sole owner of Trevira GmbH

Indorama Ventures becomes sole owner of Trevira GmbH

Leading European fibre manufacturer Trevira GmbH 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. „For Trevira and its customers and suppliers, this consolidation reflects Indorama Ventures’ commitment to investing in the company and ensuring a continued strong and reliable partnership. IVL has supported us from the very beginning in all our activities and has integrated us in its global network. We cooperate in joint projects and benefit significantly from the synergies within the IVL group. We would like to thank the Sinterama team for their ongoing support in ensuring a seamless transition.

Trevira GmbH is an innovative European manufacturer of high-value branded fibres and filament yarns for technical applications and hygiene products as well as for home textiles, automotive interiors and functional apparel. Two production sites and a Marketing and Sales office with a total of approx. 1,100 employees are located in Germany. These are supported by an international marketing and sales organization. In 2016, sales amounted to around 230 million Euros. The head office of the company is located in Bobingen near Augsburg. Owner of Trevira GmbH is Indorama Venture PCL, Thailand.
Trevira has a worldwide reputation for fibres and yarns for flame retardant polyester home textiles (Trevira CS), for its fibre specialties for hygiene products and technical applications as well as for low-pill fibres for functional apparel.
Trevira® is a registered trademark of Trevira GmbH.

The announcement by the Thai stock exchange is as follows:

Indorama Ventures Public Company Limited (“IVL”) would like to inform that it has, through its indirect subsidiary Indorama Netherlands BV (INBV), signed a definitive share purchase agreement on April 18th 2017, with Sinterama S.p.A. its JV partner to acquire their 25% stake in Trevira Holdings GmbH (Trevira) in Germany. With this acquisition, IVL will hold 100% of Trevira. IVL had acquired 75% of Trevira in July 2011.

Trevira is a leading brand of specialty polyester fibers globally. The 100% ownership will provide incremental synergies within the IVL Groups HVA portfolio.

The value of the acquisition, calculated in accordance with the regulations of the Capital Market Supervisory Board and the Stock Exchange of Thailand, as prescribed by the regulations of the Stock Exchange of Thailand Re: Disclosure of Information and Other Acts of Listed Companies Concerning the Acquisition and Disposition of Assets, 2004 (as amended) is less than 15 percent and the total size of transactions in the past 6 months is also less than 15 percent. The transaction is expected to be completed within April 2017.

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