Thailand: Indorama Ventures to purchase tyre cord plant in Mexico

Thailand: Indorama Ventures to purchase tyre cord plant in Mexico

Photo: REUTERS/Athit Perawongmetha

Indorama Ventures Pcl (IVL), a Thai listed intermediate petrochemical firm controlled by the Lohia family, has entered into a share purchase agreement to acquire a 100 per cent stake in the tyre cord business of DuraFiber Technologies Mexico Operations for an undisclosed amount.

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