Indorama Ventures Custom Polymers PET  - Arhive

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Indorama Ventures Completes Acquisition of PET Processing Plant from Custom Polymers PET 

Thailand’s Indorama Ventures (IVL) completed a deal to acquire a plant for the processing of polyethylene terephthalate (PET) from the US company Custom Polymers PET, the company said. Indorama Ventures Custom Polymers PET 

Indorama acquired a PET processing plant on January 2 and closed the deal on January 15.  The plant is located next to the AlphaPet polyester plant in Alabama, USA.  The deal was announced last December.

The complex consists of two production lines – one for the production of recycled PET (A-PET) flakes, and the other for the production of food A-PET, with a total capacity of 31 thousand tons per year.

This acquisition delivers recycled PET for the food packaging sector, as well as for the fiber sector in North America.

DAK Americas, Indorama, Nan Ya Plastics Corporation and Far Eastern New Century (FENC) are US PET manufacturers. Indorama Ventures Custom Polymers PET 

Earlier it was reported that Indorama Ventures Company Ltd (IVL) on November 13 announced the completion of a deal to acquire a 74% stake in the Egyptian polyethylene terephthalate (PET) processor, Medco Plast for Packing and Packaging Systems SAE (Medco).

Indorama Ventures PLS is one of the world’s leading manufacturers of PET, TPA, MEG (in the USA), as well as polyester yarns and fibers.

mrcplast.ru

Author:   Anna Larionova