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Indorama acquires Mexican tire cord business

Bangkok, Thailand – Indorama Ventures Ltd (IVL) has agreed to the Mexican operation of France-based DuraFiber Technologies in a bid to strengthen its automotive segment, the Thai company announced 15 Aug.

Based in Queretaro, DuraFiber Technologies Mexico Operation has a production capacity of 37.5 kilotonnes per annum (ktpa), with main products including high modulus low shrinkage PET, heavy denier industrial PET and industrial polyamide 6 used in tire cord and industrial textiles.

The size of the transaction, which is expected to be completed in the third quarter…

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