Chemicals, fibres and woollen yarns conglomerate Indorama Ventures has approved various large textile projects at the Guben site in Germany of its Trevira polyester yarn business.

The approved investments will be in the form of equipment that will affect all of the processes – polycondensation, spinning and textile processing – at the Guben site where Trevira produces filament specialities for the textile industry.

A total sum of around EUR7.5m (US$8.9m) is earmarked to be invested in the site, which is expected to generate additional quantitative growth and optimise processes and procedures.

The Guben site is where Trevira produces flat and texturised filament yarns for technical textiles, apparel, home textiles, and automotive interiors. Indorama says the investment will be of enormous importance for the entire company.

"These investments are an extremely important signal," says CEO Klaus Holz. "They are a reiteration of the long-term commitment of our parent company IVL to Trevira GmbH."

Head of the filament unit at Guben, Edo Lieven, adds: "We are very excited about the investments in the new equipment. The Guben site and the filament BU will be strengthened by these projects."

Thailand based Indorama Ventures took full control of Trevira a year ago, after purchasing the remaining 25% stake in the company that it did not already own.