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Indorama Ventures to buy PET business of Polish SK Eurochem

December 14/2010

(Plastemart) -- Thailand holding company Indorama Ventures has agreed to buy the polyethylene terephthalate (PET) business of Polish SK Eurochem, part of South Korean SK Chemicals.


The acquisitions will consolidate Indorama Ventures (IVL) position in the two important emerging markets of East Europe and Southeast Asia with PET and Polyester Fibres and Yarns businesses.


SK Eurochem is a 140,000 tpa PET manufacturing facility while SK Keris is a 160,000 tpa PET and Polyester Filament Yarn manufacturing facility and SK Fiber Indonesia is a Polyester Filament Yarn manufacturing facility with a capacity of 36,000 tpa.


"These acquisitions will allow the Company to build upon its objective of expanding its global platform by entering emerging markets with high long-term potential for demand," according to Mr. Aloke Lohia, Group CEO of Indorama Ventures Pcl.


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Indorama Ventures to buy PET business of Polish SK Eurochem
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