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Indorama Ventures buys 51% of Northern Ireland packaging firm

February 27/2012

(infonary) -- Indorama Ventures PCL (IVL.TH), an integrated polyester chain producer, said an indirectly owned subsidiary has acquired 51% of a packaging company in Northern Ireland.

Beacon Trading purchased the stake in Beverage Plastics (Holdings) Ltd., Indorama Ventures said in a filing to the Stock Exchange of Thailand without elaborating.

Indorama Ventures Public Company Limited is one of the largest vertically integrated polyester chain producers in the world and a leading global manufacturer of wool yarns. Indorama Ventures is the largest PET producer globally, as well as in the U.S.A and Europe regions. Indorama Ventures is a world scale manufacturer of purified terephthalic acid (PTA), a key raw material for the production of polyester.
Author:Anna Larionova
Tags:polyether, PP, PET, terephthalic acid.
Category:General News
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