The global chemical manufacrurer Indorama Ventures Public Company Limited (IVL) has announced to acquire Industrie Maurizio Peruzzo Polowat spó?ka z ograniczon odpowiedzialno ci (IMP Polowat), a PET recycling facility in Poland. The acquisition will open up new opportunities for IVL to meet the increasing rPET demand for more sustainable packaging solutions.
- The deal includes two assets, strategically located in Bielsko-Biala and Leczyca, close to the major population centers of Kraków and Warsaw.
- The production sites have a combined capacity of 23,000 tonnes of recycled Polyethylene Terephthalate (rPET) flakes and 4,000 tonnes of rPET pellets. The company is supported by 118 employees.
In June 2020, Indorama Ventures Public Company Limite, announced that it had acquired 100% equity stake of AG Resinas Ltda through its indirect subsidiary Indorama Ventures Polimeros S.A.
In March 2020, Indorama Ventures Public Company Limited through its indirect subsidiary,Indorama Ventures Packaging (Philippines) Corporation(IVPPC), entered into a Joint Venture Agreementwith Coca-Cola Beverages Philippines,Inc to form a70:30 joint venturecorporation in the Philippines, by the name ofPETValuePhilippines Corporation (the JV), whereby IVPPC will hold 70% equity stake of the new joint ventureand Coca-Cola Philippineswill hold the remaining 30%.
About Indorama Ventures
Indorama Ventures (IVL), headquartered in Bangkok, Thailand, is one of the world’s leading intermediate petrochemicals producers. The company has a global manufacturing footprint across Africa, Asia Pacific, Europe and Americas. The company’s product portfolio comprises Integrated PET, Olefins, Fibers, Packaging and Specialty Chemicals.
IVL has more than 24,000 employees globally and it has 120 manufacturing facilities in around 33 countries. Indorama Ventures products serve major FMCG and automotive sectors, i.e. beverages, hygiene, personal care, tire and safety segments.