Indorama Ventures Becomes Sole Owner of Trevira GmbH

Trevira GmbH has become a wholly owned subsidiary of the Thailand-based Indorama Ventures PCL Group (IVL).

IVL has consolidated its ownership by acquiring the remaining 25% shareholding of Trevira from its earlier joint-venture partner, Sinterama S.p.A.

Uday Gill, CEO of IVL’s Fibres Business, says, “Trevira with its renowned brand is an integral part within our specialty portfolio strategy. We see further growth potential especially in the hygiene and automotive segments, as well as in the high-end home textile business.”