(Indorama Ventures) -- Indorama Ventures Public Company Limited, the world's leading vertically integrated Polyester Value Chain producer, has completed the takeover of polyester manufacturer Trevira by the consortium of Indorama Ventures PCL (Thailand) and Sinterama (Italy) is complete. After receiving the green light from the relevant cartel authorities in Brussels and Turkey, the change in ownership finally took place on 01.07.2011. While the contract with auditor, Werner Schneider, to acquire the company had been signed by both investors in February 2011, it had still to await the approval of the cartel authorities. All those involved expressed their satisfaction with the final stages of the takeover process. "Trevira is a traditional enterprise with a qualified workforce and great potential for the future," declared Schneider. With a company sale there was always also the question of the people involved and of preserving expertise. The sale to the consortium of strategic investors with direct links to the textile industry provided the best opportunity for sustained development in the future, Schneider said.