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Indorama Ventures acquires Sinterama

Indorama Ventures will buy Italy-based Sinterama. With this acquisition, Indorama can make use of the knowledge Sinterama has accumulated over time. This will provide Indorama comprehensive and innovative solutions for automotive and home applications to better serve customers and meet customers’ needs in future. Sinterama brings along a very experienced team of highly respected professionals who together with Indorama’s management make a formidable combination of managerial excellence. Sinterama’s network of strategically located facilities can enable Indorama to provide the best-in-class offerings for customers and meet the needs and exceed the expectations of customers on a truly global scale. The combination seals twenty years of collaboration and is expected to lead to the establishment of a global leader in high added value polyester yarns and applications. The acquisition comprises five production sites in Italy, Brazil, China and Bulgaria. The transaction is expected to be completed in the third quarter 2019.

Sinterama, based in Italy, is a polyester automotive interiors and high performance colored yarns manufacturer. The company is vertically integrated from chips to yarns and offers a vast range of colored polyester yarns for automotive, furnishing, apparel and technical applications. Sinterama is the industry partner of choice for high-value filament yarns. Indorama Ventures is a global leader in the polyester business.

 
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