MOSCOW (MRC) -- On December 7, ES FiberVisions (ESFV), a joint venture between FiberVisions LLC, a subsidiary of Thailand's Indorama Ventures PCL, and Japan's JNC Corporation held an opening ceremony to celebrate the completion of its newest plant in Rayong, Thailand, said Indorama.
This state-of-the-art facility was constructed adjacent to Thailand's largest fiber facility to expand ESFV’s global production capacity and produce the highest quality bicomponent fiber in a hygienic environment. The plant has 14,000 tons of capacity per year and was designed to allow for future expansion as ESFV continues to invest globally to meet the needs of its customers.
The ES FiberVisions joint venture is the world’s largest producer of polyolefin bicomponent fibers and has production facilities in China, Denmark, Japan, Thailand and the United States.
Over 100 government representatives, customers, suppliers and contractors attended the opening ceremony. It was hosted by Mr. Aloke Lohia, Group CEO of Indorama Ventures, Dr. Yasuyuki Gotoh, CEO and President of JNC, Mr. Yozo Shimomura, Chairman of ESFV and Managing Executive Officer of JNC and Mr. Tom Zaiser, CEO of FiberVisions.
Mr. Lohia noted that this plant reflects the partners’ strong commitment to growth worldwide and "will allow ES FiberVisions to continue delivering the differentiated bicomponent fibers that our customers need in order to be successful in their businesses."
As MRC informed previously, in January 2016, BP PLC sold its petrochemical complex in Decatur, Alabama, to Indorama Ventures Public Co. Ltd. for an undisclosed sum. Under the terms of the agreement, Indorama Ventures purchased the Decatur complex including working capital and related infrastructure and assume certain contracts with suppliers and customers.
Indorama Ventures Public Company Limited, listed in Thailand (Bloomberg ticker IVL.TB) is one of the world’s leading petrochemicals producers, with a global manufacturing footprint across Africa, Asia, Europe and North America. The company’s portfolio is comprises Necessities and High Value-Added (HVA) categories of Polymers, Fibers, and Packaging, selectively integrated with self-manufactured Ethylene Oxide/Glycols and PTA where economical. IVL products serve major brand-owners and FMCG companies in consumer products and niche applications, i.e. Beverages, Hygiene, Personal Care and Safety segments. IVL has ~14,000 employees worldwide and consolidated revenue of USD 7.5 billion in 2014.
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