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Indorama Ventures forms new business unit

Indorama Ventures has formed a new business unit within the IVL Fibers division named the Indorama Mobility Group. The new unit will pursue a growth path that is intertwined with the exciting development of the mobility industry. Indorama Mobility Group will comprise three business segments, namely tire, automotive safety and functional materials. The group collectively owns decades of industry knowledge, experience and brand equity and this creates a unique portfolio of fiber, yarn, single-end cord and fabric based on polyester, polyamide, rayon, aramid hybrid and PEN, emerging as an integrated global business unit. Indorama Mobility’s target markets are tire reinforcement, airbags, seatbelts, mechanical rubber goods, sewing threads, fabrics, ropes and cordage, automotive interior, home textiles and composites where it has built strong positions over the years.

This intra-group businesses merger creates a truly global presence and accelerates business growth through cross proliferation of product lines, expanded customer partnership and a global manufacturing footprint. Its structure is aligned to provide functional leadership, driving market focus through the dedicated commercial organization of the three business segments, accelerating technology and product innovations through centralized R&D and benchmarking best practices across sites to deliver a new level of manufacturing excellence. Supporting these new initiatives is a geographically and culturally diversified workforce located worldwide.

 
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