Bangkok based global chemical producer Indorama Ventures (IVL) is all set to acquire DuPont Teijin Films (DTF), a joint venture of between DuPont and Teijin, with total film/polymer capacity of 277,000 tonnes per annum. DTF is one of the leading producer of biaxially-oriented polyethylene terephthalate (BOPET) and polyethylene naphthalate (PEN). The group specializes in film products for the specialty, industrial, packaging, automotive, advanced magnetic media, photo systems, electrical and electronics markets and many more products that are essential in modern life.

The acquisition brings Indorama 8 production assets in the US, Europe and China, with a global innovation center in the UK. The transaction also includes sales and technical capabilities, intellectual property, licenses and the Melinex^® and Mylar^® registered brands. The deal is expected to be complete, at the most, by early 2018, subject to the usual regulatory approvals.
 
Aloke Lohia, Group CEO of Indorama Ventures, said, “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 a strong history of R&D with over 700 patents, which makes it a strategic fit with our own innovation capabilities.”

 “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.”