Following up on the DuraFiber announcement of a potential closing on September 11, 2017 of their 3 US manufacturing locations (News Update July 13) we have market information indicating that Indorama will be purchasing the DuraFiber Technologies plant in Queretaro Mexico where they have polyester and nylon industrial filament capacity as well as tire fabric conversion capacity. It is still to be determined whether there will be any negotiations between the two parties for the purchase of any further overseas facilities of DuraFiber. There is no press release at this time.

 

Alasdair Carmichael
Carmichael International
PO Box 3444
Spartanburg
SC 29304
T: 864 583 6868
C: 864 542 4481