Indorama Ventures Custom Polymers PET
Indorama Ventures will acquire PET processing plant from Custom Polymers PET Indorama Ventures Custom Polymers PET
MOSCOW – Thailand’s Indorama Ventures (IVL) has entered into an agreement to acquire a plant for the processing of polyethylene terephthalate (PET) from the US company Custom Polymers PET, the company said.
IVL said that the acquisition of production in Alabama will expand its ability to introduce integrated production. Indorama Ventures Custom Polymers PET
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-PETT, with a total capacity of 31 thousand tons per year.Indorama Ventures Custom Polymers PET
No financial details or deadlines associated with the acquisition were disclosed.
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.
Author: Anna Larionova