Indorama aims to lead European tire cord business with Czech acquisition

Bangkok – Indorama Ventures Public Co. Ltd (IVL) has reached an agreement to acquire Czech tire cord and technical fabrics business Kordárna Plus a.s., IVL announced 29 June.

The acquisition from Jet Investment includes one production site in the Czech Republic and one in Slovakia, with a combined tire cord and technical fabrics production capacity of 50 kilotonnes per annum (ktpa), said the Thai petrochemicals company.

No further details on the transaction was disclosed.

With the acquisition,…

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