From the Sector

• Indorama Ventures completes acquisition of Brazil-based Oxiteno, extending growth profile into attractive surfactant markets

Indorama Ventures Public Company Limited (IVL), a global sustainable chemical company, today completed its acquisition of 100% of Brazil-based Oxiteno S.A. Indústria e Comércio, becoming a leading global supplier in high-value surfactant markets.

The acquisition of Oxiteno, formerly a subsidiary of Ultrapar Participações S.A., was announced in August 2021 and is effective from 1 April 2022 after the transaction was approved by Brazil’s Administrative Council for Economic Defense (CADE). Through the acquisition, IVL extends its growth profile into highly attractive markets in Latin America and the U.S., becoming the leading surfactants producer in the Americas, with additional potential to expand in Europe and Asia.

Oxiteno becomes part of IVL’s Integrated Oxides and Derivatives (IOD) business segment, which IVL formed in 2020 with the purchase of assets from U.S.-based Huntsman (Spindletop transaction). IOD is a high-margin growth driver alongside IVL’s traditional Combined PET (CPET) necessities segment and its Fibers segment. Together, IVL’s three segments create a stronger and more resilient integrated platform along the company’s petrochemicals value chain.

The Oxiteno acquisition includes 11 manufacturing plants in Latin America and the U.S., 5 R&D centers, an experienced management team, a strong environmental governance record, and expertise in green chemistry innovation. Through Oxiteno, IOD assumes a leading position in technologies catering to innovation-led, high-value-add (HVA) surfactant solutions in attractive home & personal care, crop solutions, and coating & resources markets. This diversity increases IOD’s earnings stability and resilience. The surfactants market has seen consistent growth over the last decade, driven by trends in population growth, urbanization and increasing hygiene awareness amid the global pandemic.

• On 22.03 STOLL will offer a webinar through the online platform of Fashion Council Germany on the topic of digitalisation and sustainability in STOLL flat knitting.

Webinar Description
Digitalisation and sustainability are becoming increasingly essential for the success and existence of fashion companies. The flat knitting industry with its immense flexibility and diversity offers many opportunities for digital solutions and sustainable practices. In this webinar, Karl Mayer Stoll will share how digital design tools enable more sustainable knitwear development.

Fashion Council Germany
The FCG is the patron to strengthen the German fashion and design landscape for a visionary, technological & sustainable future in a global market.
The Fashion Council Germany represents the interests of fashion "designed in Germany". Founded in January 2015 in Berlin. On the initiative of national industry experts, the Fashion Council Germany promotes German fashion design as a cultural and economic asset and supports young designers from Germany. In addition to the promotion of young designers, special attention is paid to education, sustainability and fashion technology as well as to the promotion of cross-disciplinary dialogue and networking. Against this background, the Council carries out essential lobbying work in politics, business and culture, strives for visibility and emphasises the global relevance of fashion design and Germany as a fashion location at home and abroad.

Since the beginning of last year, the FCG offers workshops on various business topics in the fashion industry. Until further notice, all FCG seminars will take place online due to the Corona crisis.