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Indorama acquisition

5:02 PM MDT | March 17, 2014

Indorama Ventures (Bangkok) has agreed to acquire an 80% stake in PHP Fibers (Wuppertal, Germany). PHP is Europe’s largest producer of nylon-6,6 industrial yarn for airbag applications, tires, and mechanical rubber goods and a leading producer of polyester industrial yarns, with manufacturing locations in China, Europe, and the United States, Indorama says. Financial terms have not been disclosed. The remaining 20% stake in PHP will be held by Toyobo (Osaka), a leading textile company that also develops high-performance products in films and functional...

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