Indorama Ventures buys European tyre cord maker Glanzstoff Group

The Thai chemicals producer Indorama Ventures Public Company Limited (IVL) has entered into a definitive agreement to acquire Glanzstoff Group, a major European manufacturer of tyre cord fabrics and single-end-cords (SEC) for high performance tyre applications. 

Glanzstoff offers a broad range of solutions in the tyre cord fabrics and single-end-cords in high performance rayon, aramid, Nylon 6.6 and polyester in addition to hybrid filament yarns for the high growth and high performance automotive applications. Glanzstoff is Europe’s largest converter for tyre cord fabrics and a global leader in SEC and is vertically integrated into high tenacity Rayon technology. It has manufacturing