MOSCOW (MRC) -- Indorama Ventures Public Company Limited ("IVL") would like to inform the merger of two of its indirect subsidiaries in Germany, said 4-traders.
PHP Overseas Investments GmbH, a non-operating entity has merged into PHP Fibers GmbH, an operating Fibers business entity. The new merged entity will be known as PHP Fibers GmbH. There is no impact on the business operation of the Company.
As MRC informed earlier, Indorama Ventures’ majority-owned Lake Charles, Louisiana gas cracker received an air permit from US authorities, signifying an important step forward in maintaining the plant’s startup schedule. The air permit, which is the main environmental permit required by the company to proceed with the refurbishment of the cracker, allows the project to commence repair and construction activities a month ahead of the original target date.
Indorama Ventures is a leading producer in the polyester value chain in Thailand with strong global network and manufacturing across Asia, Europe and North America. Its products serve major players in diversified end use markets, including food, beverages, personal and home care, health care, automotives, textile, and industrial. The company’s main products are PTA, PET and polyester fibre, which are distributed across the world.
MRC