Indorama Ventures acquires Italian PET and PTA producer Ottana Polimeri from Equipolymers Europe, gains access to Mediterranean region, including markets in Southern Europe and North Africa

Liling Tan

Liling Tan

BANGKOK , July 1, 2010 (press release) – Indorama Ventures Public Company Limited ("IVL") has acquired the Italian PET and PTA producer Ottana Polimeri S.R.L. from Equipolymers Europe, a joint venture between Dow Chemical Company and Petroleum Industries Company of Kuwait. The deal provides IVL access to the Mediterranean region, including markets in Southern Europe and North Africa. The acquisition was made through a 50:50 joint venture between IVL's European subsidiary IVL Belgium N.V. and PCH Holding S.R.L. ("PCH") of Italy.

The 192,000 tonnes per annum PTA plant and the 150,000 tonnes per annum PET plant is situated on the island of Sardinia, Italy, offering the company the strategic ability to serve Southern Europe with the shortest transportation route possible. IVL also has plants in the Netherlands, the UK and Lithuania that will serve PET customers in Northern and Eastern Europe.

Group CEO of Indorama Ventures Public Company Limited, Mr. Aloke Lohia, said, "This is a very timely acquisition for us and our partner as Europe currently is a net importer of PET and so demand is strong. We have an opportunity with this acquisition to further serve our European customers with fast and timely delivery of PET resin while also expanding our market."

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.

Share:

About Us

We deliver market news & information relevant to your business.

We monitor all your market drivers.

We aggregate, curate, filter and map your specific needs.

We deliver the right information to the right person at the right time.

Our Contacts

1990 S Bundy Dr. Suite #380,
Los Angeles, CA 90025

+1 (310) 553 0008

About Cookies On This Site

This website stores cookies on your computer. These cookies are used to improve your website experience and provide more personalized services to you, both on this website and through other media. To find out more about the cookies we use, see our Privacy Policy. We won't track your information when you visit our site. But in order to comply with your preferences, we'll have to use just one tiny cookie so that you're not asked to make this choice again.