Indorama Ventures Completes Acquisition of Europes Leading Supplier of Packaging Barrier Products and Polyester Polymers in Germany

Event Calendar Press Releases Tuesday March 5, 2019 09:34
Bangkok--5 Mar--Indorama Ventures

Indorama Ventures Public Company Limited (IVL), a global chemical producer, announced the completion of its acquisition of INVISTA Resins & Fibers GmbH, a specialty chemicals asset located in Gersthofen, Germany. The Gersthofen site has a combined capacity of 282,000 tonnes/ annum, and employs approximately 140 employees.

Indorama Ventures had previously announced its agreement to acquire INVISTA Resins & Fibers GmbH on 20 December 2018. This acquisition is aligned with IVL's strategy to grow and support our customer's needs with differentiated solutions in both packaging and in industrial fibers. It provides IVL with competitive advantages, obtaining the intellectual property rights of POLYSHIELD(R) PET and OXYCLEAR(R) Barrier PET, Invista's barrier technology, in all markets globally. POLYSHIELD(R) PET and OXYCLEAR(R) Barrier PET brands are known for their oxygen barrier packaging, mainly used by the food and beverage industry, to extend the shelf life of juice, wine, beer, diary as well as ketchup.

IVL currently has a leading market share in the North America oxygen barrier PET market. The Company made its debut in this segment in 2011 through the acquisition of Auriga Polymers in South Carolina, USA, acquiring the rights to the technology for creating the Crystal Clear Oxygen Barrier Resin in certain markets in the Americas. This acquisition gives IVL added momentum to address a growing demand for barrier resins, and reach both existing and new customers globally.

Mr. Aloke Lohia, Group CEO of Indorama Ventures said, "This is an exciting step forward that will lead us to further accelerate our transformation. We are ready to seize global opportunities and create the greatest value for our customers and shareholders.

We are excited to welcome the Invista team to the IVL family, and look forward to growing the POLYSHIELD(R) PET and OXYCLEAR(R) Barrier PET brands to their full potential."
About Indorama Ventures

Indorama Ventures Public Company Limited, listed in Thailand (Bloomberg ticker IVL.TB), is one of the world's leading petrochemicals producers, with a global manufacturing footprint across Africa, Asia, Europe and Americas. The company's portfolio comprises Integrated PET, Olefins, Fibers, Packaging and Specialty Chemicals. Indorama Ventures products serve major FMCG and Automotive sectors, i.e. Beverages, Hygiene, Personal Care, Tire and Safety segments. Indorama Ventures has approx. 17,000 employees worldwide and consolidated revenue of US$ 10.7 billion in 2018. The Company is listed in the Dow Jones Sustainability Index (DJSI).

Indorama Ventures is headquartered in Bangkok, Thailand with global operating sites in
EMEA: The Netherlands, Germany, Ireland, France, UK, Italy, Denmark, Lithuania, Poland, Czech Republic, Luxembourg, Spain, Turkey, Nigeria, Ghana, Portugal, Israel, Egypt, Russia, Slovakia, Austria
Americas: USA, Mexico, Canada, Brazil
Asia: Thailand, Indonesia, China, India, the Philippines, Myanmar

Latest Press Release

Webnovel Shares New Trends In Online Publishing at London Book Fair

Webnovel, the global e-publishing arm of China Literature (0772.HK), China's leading online literature and IP incubator company, brought its original and translated publications to the London Book Fair ("the Fair"). The company also organized a speech by...

Lion Thailand celebrates the 50th warm friendship anniversary. Moving forward to its centennial with sustainability and happiness.

The half-century business journey of Lion Corporation (Thailand) Ltd. was established from the true friendship. Therefore, in "From 50 to 100 years with Sustainability & Happiness" event, the honorable guests not only came to congratulate on the...

CP Vietnam strongly bolsters Hanoi to fight against ASF

C.P. Vietnam Corporation (CP Vietnam) has collaborated closely with the Vietnam Government to work in every practices to stop African Swine Fever (ASF) outbreak which farm knowledge and management have implemented to raise awareness among farmers and...

Teerawut Supapunpinyo, the latest MD for Brother Commercial (Thailand), is ready to lead with the new concept #Towards the next level, expand growth, and handle present and future challenges.

Brother Commercial (Thailand) Limited recently appoints 'Mr. Teerawut Supapunpinyo' as a managing director to strengthen the management team, implement the new concept 'Towards the next level' to achieve business growth against the current sluggish...

SWAROVSKI CRYSTAL SOCIETY CELEBRATES THE SCS ANNUAL EDITION 2019 WITH THE SPARKLING CRYSTAL AMUR LEOPARD

SWAROVSKI CRYSTAL SOCIETY CELEBRATES THE SCS ANNUAL EDITION 2019 WITH THE SPARKLING CRYSTAL AMUR LEOPARD : Leading global jewelry brand, Swarovski, hosted the SCS Annual Edition 2019 event at Grand Hyatt Erawan to exclusively launch the SCS Annual...

Related Topics