Thai company Indorama Ventures completed on October 30, 2018, the acquisition of 100% stake in KORDÁRNA Plus and took over the company’s management. The sale of the company, previously owned by Jet Investment, covered one production plant in Velká nad Veličkou and one in Senica, Slovakia. The plans have the total annual production capacity of up to 50,000 tons of cord and technical tissues and employ ca. 800 persons. As ČIANEWS has previously informed, Indorama Ventures owns, after completing the transaction, 12 production facilities in the automotive industry tissue sector, with total annual production of 127,000 tons.