India's Reliance to Acquire Trevira, Become World's No. 1 Polyester Fiber Producer

摘要

Reliance Industries Ltd., Mumbai, India, announced in June that it reached an agreement with Deutsche Bank AG, Frankfurt, Germany to acquire the Trevira Group, a leading producer of branded polyester fibers in Europe. Trevira has a manufacturing capacity of approx. 130,000 tons per year of polyester staple fibers and filament yarns, spread over four locations in Europe: Bobingen and Guben, Germany; Silkeborg, Denmark; and Quevaucamps, Belgium. The purchase agreement is subject to certain conditions, including regulatory approval from the European Union. The acquisition, when consummated, will be the second international acquisition by Reliance and the first international acquisition in polyester. With the acquisition of Trevira and Reliance's expansion underway in India, the combined total polyester fiber and filament yarn capacity will exceed 1.8 million tons, giving Reliance the largest polyester fiber and yarn capacity in the world.