Jet Investment has sold Kordárna Plus, a Czech–Slovak technical textiles manufacturer, to Thai petrochemical giant Indorama Ventures, marking a successful exit following eight years of strategic restructuring.

Target Information

Jet Investment, based in Brno, recently finalized the sale of Kordárna Plus to Indorama Ventures, a prominent Thai petrochemical corporation. Kordárna Plus, a notable Czech–Slovak manufacturer specializing in technical textiles and chemical fibers, has a workforce of 786 employees and has been under Jet Investment’s management for the past eight years. The company operates two production facilities located in Velké nad Veličkou, Czech Republic, and Senica, Slovakia, and is recognized as one of Europe’s leading manufacturers of cord and conveyor belt fabrics, boasting the capacity to produce up to 50,000 tonnes annually. Its products are distributed across over 15 nations, including regions in Europe, North America, South America, and Asia.

Kordárna Plus is strategically situated at the hub of Europe’s automotive industry, approximately 500 kilometers from major tire and automobile manufacturers. This location has bolstered its reputation as a key supplier in the industry, providing essential components to various sectors, including automotive and construction.

Industry Overview in the Czech Republic

The textile and fibers industry in the Czech Republic has experienced a transformative shift in recent years, influenced by economic factors and global market demands. Companies in this sector have increasingly focused on innovative p