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Newsline-International | April 2014

IVL to buy 80 per cent of PHP Fibres

Thailand-based Indorama Ventures Public Co Ltd (IVL)ùa global producer of polyester precursors, fibre, yarn and components-has proposed to acquire 80 percent of Germany-based PHP Fibres GmbH, a global producer of polyamide 6,6 yarn for applications including airbags and tires, and of polyester industrial yarn. Japan-based Toyobo Co Ltd, a global manufacturer of high-performance automotive and other industrial products, will own the remaining 20 percent of PHP.
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