Indorama completes acquisition of Czech tire cord business

Bangkok – Indorama Ventures Public Co. Ltd (IVL) has completed the purchase of Czech tire cord and technical fabrics business Kordárna Plus a.s., IVL announced 31 Oct.

The acquisition 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).

Kordárna is the largest independent tire cord supplier in Europe and with the acquisition, IVL claims, it will become the biggest tire cord producer in Europe and second largest tire…

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