• Login
    • Join
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Exclusives
    • Applications
    • Technology
    • Market
    • Other
    • Top 40
    • Buyers Guide
    • Hygiene Directory
    • More
  • Magazine
  • News
  • Exclusives
  • Applications
  • Technology
  • Market
  • Other
  • Top 40
  • Buyers Guide
  • Hygiene Directory
  • Current / Back Issues
    Features
    Editorial
    Columns
    Digital Edition
    Southeast Asia Edition
    eNewsletter Archive
    Editorial Guidelines
    Subscribe Now
    Advertise Now
    Top Features
    Biosphere Corporation: Expands into Baby Diaper Production in Ukraine

    Trends in Diapers: Sustainability, Natural Ingredients or Other Features?

    Baby Diapers: A Changing Market

    Ultrasonics for Nonwovens

    Hygiene Machinery Review
    Company Cameo
    Financial News
    Machinery Equipment
    New Products
    Nonwovens News
    Patent Review
    People in the News
    Supplier News
    Top News
    Live From Shows
    Top News
    Armbrust American Adds Meltblown Manufacturing

    First Quality Launches Incognito by Prevail

    Essity Launches Reusable Underwear Product

    Techtextil, Texprocess Postponed to 2022

    Ontex Honored for Mask Production
    Nonwovens Insights
    Online Exclusives
    Absorbent Core
    Adult Incontinence
    Antimicrobials
    Apparel
    Automotive and Transportation
    Chemicals / Adhesives
    Construction
    Contract Services
    Diaper, Baby
    Electronics
    Feminine Hygiene
    Fibers
    Filtration
    Flame Retardance
    Geotextile / Agrotextile
    Home Products
    Hygiene Film/Components
    Industrial / Institutional
    Inspection / Quality Control
    Machinery and Equipment
    Medical
    Wipes

    Armbrust American Adds Meltblown Manufacturing

    First Quality Launches Incognito by Prevail

    Essity Launches Reusable Underwear Product

    Shemesh Adds U.S. Headquarters

    TZMO USA, Special Needs Group Form Partnership
    Air Through Bonding
    Airlaid
    Carded/Carding
    Chemical Bonded
    Composite
    Meltblown
    Needlepunch
    Nanotechnology
    Spunbond
    Spunlace
    Thermal Bonded
    Wetlaid

    Armbrust American Adds Meltblown Manufacturing

    Radici Adds Meltblown Line

    Biosphere Corporation: Expands into Baby Diaper Production in Ukraine

    Nonwovens Industry’s Top 10 Breaking News Stories of 2020

    Jacob Holm to Expand Spunlace Capacity in Candler
    China
    Eastern Europe/Russia
    India
    Middle East/North Africa
    North America
    Pacific Rim
    South/Central America
    Turkey
    Western Europe

    Shemesh Adds U.S. Headquarters

    Domtar Sells Personal Care Unit

    Jacob Holm to Expand Spunlace Capacity in Candler

    Nice-Pak to Construct New Facility in Mooresville, IN

    United Sewing Automation Produces U.S.-Sourced and Manufactured PPE Face Masks
    Associations
    Contracts / Awards
    Education
    Facilities / Capacity
    Green / Sustainability
    Legal / Regulatory
    Market Data
    Mergers and Acquisitions
    Product Improvement / Innovation
    R&D/Basic Research
    Shows / Events

    Armbrust American Adds Meltblown Manufacturing

    Techtextil, Texprocess Postponed to 2022

    Shemesh Adds U.S. Headquarters

    Domtar Sells Personal Care Unit

    Record Mask Production from BelEmsa
    Chart
    Companies
    All Companies
    Categories
    Company Profiles
    Add New Company
    International Buyers Guide Companies
    Schott & Meissner Maschinen- und Anlagenbau GmbH

    Investkonsult Sweden AB

    Cellulose Solutions LLC.

    Fagus GreCon, Inc

    Shemesh Automation
    Brands
    Brand Owners
    • Magazine
      • Current / Back Issues
      • Features
      • Editorial
      • Columns
      • Digital Edition
      • Southeast Asia Edition
      • eNewsletter Archive
      • Editorial Guidelines
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Buyers Guide
      • All Companies
      • Categories
      • Company Profiles
      • Add Your Company
    • Applications
      • Absorbent Core
      • Adult Incontinence
      • Antimicrobials
      • Apparel
      • Automotive and Transportation
      • Chemicals / Adhesives
      • Construction
      • Contract Services
      • Diaper, Baby
      • Electronics
      • Feminine Hygiene
      • Fibers
      • Filtration
      • Flame Retardance
      • Geotextile / Agrotextile
      • Home Products
      • Hygiene Film/Components
      • Industrial / Institutional
      • Inspection / Quality Control
      • Machinery and Equipment
      • Medical
      • Wipes
    • Technology
      • Air Through Bonding
      • Airlaid
      • Carded/Carding
      • Chemical Bonded
      • Composite
      • Meltblown
      • Needlepunch
      • Nanotechnology
      • Spunbond
      • Spunlace
      • Thermal Bonded
      • Wetlaid
    • Market
      • China
      • Eastern Europe/Russia
      • India
      • Middle East/North Africa
      • North America
      • Pacific Rim
      • South/Central America
      • Turkey
      • Western Europe
    • Other
      • Associations
      • Contracts / Awards
      • Education
      • Facilities / Capacity
      • Green / Sustainability
      • Legal / Regulatory
      • Market Data
      • Mergers and Acquisitions
      • Product Improvement / Innovation
      • R&D/Basic Research
      • Shows / Events
    • Top 40 Companies
      • Chart
      • Companies
    • Online Exclusives
    • Hygiene Directory
      • Brands
      • Brand Owners
    • Slideshows
    • Experts Opinions
    • Videos
    • Podcasts
    • Infographics
    • Whitepapers
    • Jobs
    • Events
      • Industry Events
      • Live From Show Events
      • Webinars
      • Live From Asian Connections
    • Resources
      • Suppliers Gallery
      • Literature Showcase
      • Web Showcase
      • Home Page Showcase
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    Breaking News

    Indorama Ventures acquires SASA in Turkey

    ...

    Related CONTENT
    • Indorama Ventures Listed in Dow Jones Sustainability Indices
    • Avgol Expands Indian Capacity
    04.16.14
    Indorama Ventures Public Company Limited (IVL) has acquired 51% of polyester and PET producer SASA Polyester Sanayi A.Ş (SASA) in Turkey through its wholly-owned subsidiary Indorama Netherlands B.V. (IBV) from Hacı Ömer Sabancı Holding A.Ş. (Sabancı Holding). SASA is a publicly listed company on the Borsa Istanbul and IBV will be conducting a mandatory tender offer for the remaining 49% of SASA’s share at Borsa Istanbul as per requirements of Turkish Capital Markets Legislation.

    SASA incorporates integrated feedstock and polymer facilities producing DMT, staple fibers, filament yarns, PET, PBT polymers and specialty chemicals with a total plant capacity of 600,000 tons per annum. SASA supplies both Turkish and European markets with high quality, high value added products.

    “SASA is an exciting addition to Indorama Ventures’ portfolio that allows us extended geographic expansion into a new and fast-expanding market and territory," says Aloke Lohia, group CEO of Indorama Ventures. "The company is a well-known producer in the country and is an excellent first step into the Turkish market, allowing us to leverage its HVA production facilities to provide advantaged portfolio extensions for current and new customers. Turkey provides us the potential for expansion of domestic sales and opens up the opportunity to sell into the surrounding underserved region.

    “The acquisition is in line with our three dimensional strategic plan to expand broadly into fast-growing underserved markets, horizontally into high value add (HVA) products to offer a deeper portfolio of products to our customers and vertically integrating into our feedstock as SASA has onsite feedstock,” Lohia says. “SASA has a rich heritage of technology and expertise which will be complementary to Indorama Ventures since SASA is now serving over 54 countries with 150 different types of products. Moreover, Turkey’s unique geographical position straddling Europe, North Africa, Central Asia and Middle East offers the potential for faster growth in both the domestic and export markets to neighboring countries and Europe. Turkey’s textile sector is an important area of the economy and continues to grow, being a noted exporter to the key European market. We foresee this asset being the jewel in the crown of our expansion into the Turkish market and will be a good fit for our other expansion plans in the region.”

    Established in 1966, SASA’s production facilities are located in the Adana region with excellent access to the country’s transportation infrastructure allowing the company to deliver to Europe, Middle East and North Africa.
    Related Searches
    • africa
    • fibers
    • middle east
    • Transportation
    Related Knowledge Center
    • Turkey
    • Fibers
    Suggested For You
    Indorama Ventures Listed in Dow Jones Sustainability Indices Indorama Ventures Listed in Dow Jones Sustainability Indices
    Avgol Expands Indian Capacity Avgol Expands Indian Capacity

    Related Breaking News

    • Fibers | Green/Sustainability

      Kelheim Joins ETP Sustainability Programs

      Goal is to actively shape the sustainable realignment of the European textile industry
      11.17.20

    • Meltblown | Turkey

      Mogul to Add Two Meltblown Lines

      Investments to come onstream next year
      11.06.20

    • Mergers and Acquisitions | Middle East/North Africa | Turkey

      Gulsan Invests in Two R5 Lines

      Capacity will be added in Turkey and Egypt in 2022
      10.14.20


    • China | Fibers | Machinery and Equipment
      Oerlikon Neumag Installs Three Staple Fiber Bico Systems in China

      Oerlikon Neumag Installs Three Staple Fiber Bico Systems in China

      Fibers will be used to make hygiene products
      08.27.20

    • Fibers
      Lenzing Unveils New Fiber Options for Beauty Applications

      Lenzing Unveils New Fiber Options for Beauty Applications

      Veocel Beauty offers finest lyocell skin fibers in the nonwovens industry
      08.26.20

    • Fibers | Medical
      Technical Absorbents Develops New Grade of Superabsorbent Fiber

      Technical Absorbents Develops New Grade of Superabsorbent Fiber

      Fibers are used in new range of SAF nonwoven fabrics that are more resistant to shrinkage
      07.22.20


    • Fibers | Green/Sustainability
      Egyptian Researchers Extract First Long Textile Fiber from Date Palm Byproducts

      Egyptian Researchers Extract First Long Textile Fiber from Date Palm Byproducts

      Fiber can be converted into fiber tow, chopped fiber, spun yarn/roving, nonwoven mat, woven fabric and unidirectional tape
      07.16.20

    • Filtration | Medical | Turkey

      Mogul Nonwoven Earns Label for Covid-19 Approved Masks

      Madaline 80g complies with requirements set for breathability and particle filtration capacity
      07.06.20

    • Machinery and Equipment | Turkey

      A.Celli to Supply a New End-Line to Eruslu Nonwoven

      Expected start-up set for May 2021
      07.02.20


    • Fibers
      PrimaLoft, Fiberpartner Announce Global License Agreement

      PrimaLoft, Fiberpartner Announce Global License Agreement

      Partnership expands application of PrimaLoft Bio to new markets
      07.01.20

    • Fibers | Green/Sustainability

      Sateri Joins Fashion Industry Charter for Climate Action

      Viscose fiber producer pledges ambitious climate change goals
      07.01.20

    • Fibers

      Bast Fibre Secures Funding

      Natural fiber firm gains $4.5 million CAD from investors
      06.03.20


    • Fibers | Green/Sustainability

      Advansa Launches Adva Megabond Binder Fiber

      Technology creates recyclable, self-reinforcing nonwoven fabric
      04.03.20

    • Facilities/Capacity | Spunlace | Turkey | Wipes
      Karweb to Add Spunlace Line in Turkey

      Karweb to Add Spunlace Line in Turkey

      Andritz line to come online in late 2021
      04.01.20

    • Adult Incontinence | Diaper, Baby | Feminine Hygiene | Mergers and Acquisitions | South/Central America | Turkey

      Daio Makes Hygiene Acquisitions in Turkey, Brazil

      Japanese company to buy all shares of Özen, and will jointly acquire Santher with Marubeni Corporation
      03.02.20

    Trending
    • Essity Launches Reusable Underwear Product
    • Armbrust American Adds Meltblown Manufacturing
    • Honeywell Delivered 225 Million Masks In December
    • Domtar Sells Personal Care Unit
    • First Quality Launches Incognito By Prevail
    Breaking News
    • Freudenberg to Establish Apparel Interlining Competence Centers
    • Minet Adds Spunlace Line in Romania
    • Lemu Group Engineers Mask-Making Machine
    • Armbrust American Adds Meltblown Manufacturing
    • P&G Reports 8% Sales Increase
    View Breaking News >
    CURRENT ISSUE

    January 2021

    • Biosphere Corporation: Expands into Baby Diaper Production in Ukraine
    • Trends in Diapers: Sustainability, Natural Ingredients or Other Features?
    • Baby Diapers A Changing Market
    • Ultrasonics for Nonwovens
    • Hygiene Machinery Review
    • The Private Label Market
    • View More >



    Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
    You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

    • About Us
    • Privacy Policy
    • Terms And Conditions
    • Contact Us

    follow us

    Subscribe
    Nutraceuticals World

    Latest Breaking News From Nutraceuticals World

    NIH Study Compares Low-Fat, Plant-based to Low-Carb, Animal-Based Diet
    Gadot Positions Mineral Line for Vegan Market
    Nutritfy India to Launch Global Broadcast Channel Covering Nutrition
    Coatings World

    Latest Breaking News From Coatings World

    LINE-X Launches Dealer Program with International Truck
    PPG Reports Q4, Full-year 2020 Financial Results
    BASF Begins Implementing Ralignment of Global Business Services Unit
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    Cretex Companies CEO Steps Down
    Data Show Porex's Medical Device Filtration Materials Protect Against Virus, Bacteria Spread
    Endoscopic Hemostasis Devices Market Valued at $730 Million
    Contract Pharma

    Latest Breaking News From Contract Pharma

    Pfizer, BioNTech Enter Vax Pact with COVAX
    FDA Approves Janssen’s CABENUVA
    AGC Biologics Appoints Boulder Site GM
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    Coty Appoints Chief Procurement Officer
    Lageen Tubes Launches Mono-Material PE Tube Solutions
    Jason Jones Loses Battle with Covid-19
    Happi

    Latest Breaking News From Happi

    Carol’s Daughter Adds New Hair Products
    Moroccan Gold Series Launches NuDo Shampoo
    Youbody Debuts Waterless Body Wash
    Ink World

    Latest Breaking News From Ink World

    BOBST Demonstrates Future of Flexible Packaging Production at Virtual Open House
    Morancé Soudure France Adds Comexi F2 MC 10-color Flexo Press
    AR Packaging Acquiring Firstan Holdings Ltd
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    Gallus planning virtual event for March
    Lemu Group engineers mask-making machine
    Niagara Label upgrades with Nilpeter flexo press
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    Freudenberg to Establish Apparel Interlining Competence Centers
    Minet Adds Spunlace Line in Romania
    Lemu Group Engineers Mask-Making Machine
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    Cretex Companies CEO Steps Down
    Conformis Enters Development & Supply Agreement with SITES Medical
    Sectra, RSA Biomedical Sign Distribution Agreement for Implant Stability Tool
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    UDC Subsidiary Adesis' Website Wins 2020 MarCom Platinum Award
    Ambiq Wins IoT Semiconductor Company of the Year Award
    Ynvisible Names Michael Robinson CEO, Jani-Mikael Kuusisto SVP Ventures

    Copyright © 2021 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

    AD BLOCKER DETECTED

    Our website is made possible by displaying online advertisements to our visitors.
    Please consider supporting us by disabling your ad blocker.


    FREE SUBSCRIPTION Already a subscriber? Login