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Indorama completes PET resin assets acquisition in Indonesia

August 13/2012

(WTiN Intelligence) -- Indorama Ventures (IVL) has completed the acquisition for the PET resin assets of PT. Polypet Karyapersada based in Cilegon, Indonesia, at a site with a capacity of 100,800 tonnes per annum.

IVL completed the acquisition through its wholly-owned subsidiary, PT. Indorama Polypet Indonesia on August 9, 2012. According to the company, the acquisition of the PET resin assets creates synergies, including lowering the cost of both plants, through shared services and logistic savings due to it being co-sited with its joint venture PTA plant, PT. Indorama Petrochemicals.
Author:Anna Larionova
Tags:PET, Indorama Polymers.
Category:General News
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