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Thai Indorama plans to buy PET business in Germany

by ChemOrbis Editorial Team -
  • 20/12/2018 (12:32)
Indorama Ventures (IVL) signed a definitive agreement to buy a 100% stake in the PET business of INVISTA Resins & Fibers (IRFG), the company reported to the Stock Exchange of Thailand on December 20.

As part of the acquisition, the Thai company will acquire the IRFG’s 282,000 tons/year PET plant in Gersthofen, Germany.

The transaction, which will be subject to regulatory approvals, is expected to be completed within the first quarter of next year. The value of the acquisition was not disclosed, however.
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