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Polyester giants swoop for Trevira
Wednesday, 16 February 2011

Bobingen - Thailand's Indorama Ventures PCL (IVL), and Italy's Sinterama are to acquire Trevira's polyester staple fibre and specialty filament businesses through a new joint venture company.

Under the agreement, IVL will hold 75% and Sinterama, 25% of the shares of the company which is expected to remain a major supplier to the global knitting industry.