Indorama Ventures Public Company Limited (IVL), headquartered in Bangkok, Thailand, a global chemical producer, has taken over DuPont Teijin Films (DTF), a leading global producer of Biaxially-oriented Polyethylene Terephthalate (BOPET) and Polyethylene Naphthalate (PEN) films with total film/polymer capacity of 277,000 tonnes per annum. The DTF acquisition includes 8 production assets in the US, Europe, and China, with a global innovation center in the UK. The acquisition also includes two JVs in China (51%), as well as sales and technical capabilities, intellectual property, licenses and the Melinex® and Mylar® registered brands.
One of the world’s premier producer of BOPET and PEN polyester high value-added film with unique functionalities, DuPont Teijin Films (DTF) is a joint venture company between DuPont and Teijin Limited. A reputed specialist in film products for the specialty, industrial, packaging, automotive, advanced magnetic media, photo systems, electrical and electronics markets and many other products needed in modern life, the DTF group is recognized for its market leadership and product innovation.
“This acquisition marks a new chapter for IVL. It is the next step in creating a leading position for customer solutions in films. DTF provides prudent growth in an industry related to our core businesses and is a strong foundation for future growth. DTF has over 700 patents making it a strategic fit with our own innovation capabilities”, said, Aloke Lohia, Group CEO of Indorama Ventures. “We believe in diversity as a core value of the Company and we look forward to welcoming DTF’s strong management team and talented employees into our family.”
Teijin offers advanced technological solutions in the areas of environmental value; safety, security and disaster mitigation; and demographic change and increased health consciousness. Its main fields of operation are high-performance fibers.