IVL to acquire DuPont Teijin Films

By Jenny Eagle contact

- Last updated on GMT

IVL to acquire DuPont Teijin Films

Related tags: Polyethylene terephthalate

Indorama Ventures Public Company Ltd (IVL) has agreed to acquire DuPont Teijin Films (DTF).

DTF produces Biaxially-oriented Polyethylene Terephthalate (BOPET) and Polyethylene Naphthalate (PEN) films with a film/polymer capacity of 277,000 tonnes a year.

Global Innovation Center

The acquisition includes eight production assets in the US, Europe and China, with a global innovation center in the UK.

Aloke Lohia, Group CEO, Indorama Ventures chemical company said the acquisition marks a new chapter for IVL.

The global BOPET film industry has expanded rapidly and there are increasing applications and end-uses, he said.

“DTF provides prudent growth in an industry related to our core businesses and is a strong foundation for future growth,” ​added Lohia.

“DTF has a strong history of R&D with over 700 patents, which makes it a strategic fit with our own innovation capabilities.”

According to IVL, the global consumption of BOPET is expected to increase at an average rate of about 7% CAGR per annum.

Through the acquisition, IVL will further enhance PET integration through NDC, a specialty chemical used in high performance polymers and films. (IVL is the world’s only commercial manufacturer of NDC).

Packaging

DuPont Teijin Films (DTF), a joint venture between DuPont and Teijin Ltd, produces BOPET and PEN polyester film and specializes in film products for the specialty, industrial and packaging sector, among others.

Included in the transaction are manufacturing and R&D operations associated with four joint ventures (JV) in the US, UK, Luxembourg, and Hong Kong (DTFC), which includes two JVs in China (51%), sales and technical capabilities, intellectual property, licenses and Melinex (durable cards) and Mylar (peelable lids for berries, fresh cut fruit and prepared salads).

Shot6_EcoSeal_MHF_v2

Related news

Show more

Related products

show more

Husky PET Tooling Guide: Mold Care & Maintenance

Husky PET Tooling Guide: Mold Care & Maintenance

Husky Injection Molding Systems Ltd. | 22-Jun-2021 | Insight Guide

Looking for ways to increase the efficiency and productivity of your injection molding system? Proper mold care and maintenance is a great place to start.

Solutions for Citrus Flavor Stability & Shelf Life

Solutions for Citrus Flavor Stability & Shelf Life

MANE, Inc. | 01-Apr-2021 | Direct Enquiry

Thank you for your interest in MANE. Please send us a brief message using this form to learn more about our Pure Capture™ citrus technology and/or beverage...

AT CANPACK, WE BELIEVE PACKAGING CAN DO MORE...

AT CANPACK, WE BELIEVE PACKAGING CAN DO MORE...

CANPACK | 25-Mar-2021 | Product Brochure

A can is never just a can. A bottle, so much more than glass. They are experiences with the power to make you feel goosebumps, inspired, bold, intrigued,...

Related suppliers

Follow us

Products

View more

Webinars