Indorama Ventures completes acquisition of KORDÁRNA Plus

Published: 12.11.2018 Related countries:  Thailand Thailand

Thai company Indorama Ventures completed the acquisition of KORDÁRNA Plus, manufacturer of cord and technical tissues with one production facility in the Czech Republic and the second one in Slovakia.

 

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.

 

Source: https://www.cianews.cz/en