IVL invests in German subsidiary expansion

Thailand-headquartered Indorama Ventures (IVL) has approved various large projects worth EUR7.5 million at its subsidiary Trevira’s Guben site.

Trevira is a manufacturer of high-fibre and filament yarns for technical applications and hygiene products as well as for home textiles, automotive interiors, and functional apparel. Indorama took full control of Trevira a year ago after purchasing the remaining 25% in the company.

The approved investments will be in the form of equipment that will affect all of the processes (polycondensation, spinning, and textile processing) at the Guben site where Trevira produces filament specialties for the textile industry.

These investments will expect to generate additional quantitative growth and optimise processes and procedures for Trevira at its site, where flat and texturised filament yarns are produced for automotive interiors, technical textiles, apparel, and home textiles.

Trevira’s CEO Klaus Holz said, “These investments are an extremely important signal. They are a reiteration of the long-term commitment of our parent company IVL to Trevira.”