Indorama acquires Egyptian PET processor Medco - Arhive
Indorama acquires Egyptian PET processor – Medco Indorama acquires Egyptian PET processor Medco
MOSCOW – Indorama Ventures Company Ltd (IVL), the world leader in the production of polyethylene terephthalate (PET), has announced the acquisition of a 74% stake in the Egyptian PET processor – Medco Plast for Packing and Packaging Systems SAE Medco), the Thai company said in a statement.
The amount of the transaction was not disclosed.Indorama acquires Egyptian PET processor Medco
According to the report, Medco operates a factory for production of PET preforms with a capacity of 70 thousand tons in Egypt with a market share of 25%.
The transaction, subject to regulatory approval, should be closed in the third quarter of 2018.Indorama acquires Egyptian PET processor Medco
As reported by Market Report company, on June 1, IVL closed the deal for the purchase of the Brazilian manufacturer PET – M & G Polimeros Brazil. M & G Polimeros Brazil ran a 550,000-ton PET plant in Ipojuca, Brazil.Indorama acquires Egyptian PET processor Medco
In addition, at the end of 2017, IVL bought the assets of the Portuguese manufacturer TFK – Artlant PTA. These assets include the Tlf plant of Artlant company with a capacity of 700 thousand tons per year located in the industrial complex Sines (Portugal), as well as all equipment, land rights and labor contracts.
Indorama Ventures PLS is one of the world’s leading manufacturers of PET, TPA, MEG (in the US), as well as polyester yarns and fibers.
mrcplast.ru
Author: Margarita Volkova
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