Indorama Ventures to acquire Invista’s German facility
Indorama Ventures Public Company Limited (IVL), a global chemical producer, announced that it has entered into an agreement to acquire INVISTA Resins & Fibers GmbH, which owns a high value-added PET manufacturing facility located in Gersthofen, Germany.
Indorama Ventures Public Company Limited (IVL), a global chemical producer, announced that it has entered into an agreement to acquire INVISTA Resins & Fibers GmbH, which owns a high value-added PET manufacturing facility located in Gersthofen, Germany. The Gersthofen site has a combined capacity of 2,82,000 tonnes/ annum and employs approximately 140 employees. The transaction is expected to be completed in the 1st quarter of 2019, subject to regulatory approvals.
Invista Gersthofen is a strong strategic fit with IVL and is aligned with the strategy to grow and support the customer’s needs with differentiated solutions in both packaging and in industrial fibres. IVL will own intellectual property rights of POLYSHIELD PET and OXYCLEAR Barrier PET, Invista’s barrier technology, in all markets globally. POLYSHIELD PET and OXYCLEAR Barrier PET brands are well-anchored in oxygen barrier packaging i.e. Ketchup. Together with IVL’s HVA polymer business in America’s, Gersthofen will open new opportunities in several new markets and attractive segments.
PET packaging with an oxygen barrier is mainly used by the food and beverage industry to protect oxygen-sensitive products, such as juice, wine, beer, dairy as well as ketchup, sauces and other condiments throughout their entire shelf life.
Demand for barrier resins is expected to grow at a strong pace, driven by the improved shelf life of packaged food products, the increasing health and hygiene concerns and the emergence of new recyclable PET applications over traditional materials such as glass and aluminium cans. Currently, IVL has a leading market share in the North America oxygen barrier PET market.
Commenting on the acquisition, Aloke Lohia, Group CEO of Indorama Ventures said, “This is a very exciting development for IVL. With our strong foundation in the PET market and IVL’s geographic reach, we see vast opportunities to grow POLYSHIELD PET and OXYCLEAR Barrier PET brands to their full potential and reach existing and new customers around the world.
We are already capitalising on the opportunities in the US market, one of the largest barrier resins markets in the world – through our existing OXYCLEAR Barrier PET license in America’s. This strategic acquisition will evolve IVL to the next level of success by taking advantage of opportunities in global markets. With this acquisition, we reinforce our commitment to deliver the highest value to our customers and create sustainable long-term value for our shareholders.â€
CATEGORIES Industry Update
piriton allergy tablets canada allergy medications prescription list alternatives to allergy pills
strongest sleeping pills online melatonin pills
prednisone cheap order prednisone 40mg for sale
best pain relief for pancreatitis irbesartan 300mg for sale
best acne pills prescription purchase permethrin online body acne causes in adults
alternative painkiller to co codamol lincomycin 500 mg price
buy accutane 20mg online order isotretinoin 40mg online cheap order accutane 10mg generic
order amoxil 250mg pill amoxil 1000mg generic amoxil for sale
order neurontin 100mg online order gabapentin 600mg generic
order generic azithromycin 500mg order azithromycin 250mg without prescription azithromycin 250mg generic
buy furosemide 100mg online cheap buy furosemide online cheap diuretic
buy omnacortil tablets order omnacortil 5mg generic prednisolone 20mg ca
amoxicillin 1000mg drug cheap generic amoxicillin order amoxicillin 1000mg generic
buy doxycycline 100mg generic cost acticlate
ventolin inhalator cheap albuterol drug purchase albuterol inhalator generic
clavulanate drug how to get augmentin without a prescription
cheap levothroid tablets levoxyl sale synthroid 75mcg brand
clomid 100mg tablet clomid 50mg tablet cost clomiphene 100mg
order synthroid 75mcg online cheap buy levothyroxine sale levothroid price
order clomiphene sale order clomiphene sale clomid 100mg usa
buy sildenafil online cheap viagra 100mg ca viagra 50mg tablet
vardenafil 10mg brand order generic levitra levitra 20mg over the counter
hydroxychloroquine over the counter buy hydroxychloroquine generic order plaquenil
buy tadalafil 5mg for sale cialis 20mg uk cialis 10mg us
cost cenforce 100mg buy cenforce 100mg generic order cenforce
canadian pharmacies without a prescription best canadian online pharmacy reviews
generic cialis canada pharmacy online [url=http://canadianphrmacy23.com/]canadianpharmacyonlinetousa.com Canadian Pharmacy Online to Usa[/url]
order chloroquine pills order chloroquine generic cheap aralen
glucophage for sale buy cheap glycomet buy glycomet 1000mg sale
order zestril 2.5mg sale order zestril 2.5mg sale brand lisinopril 2.5mg
cialis coupon for pharmacy pharmacy
viagra online canada pharmacy [url=http://canadianphrmacy23.com/]canadian pharmacies online canadianphrmacy23.com[/url]
prilosec online buy omeprazole drug prilosec tablet
metoprolol 100mg canada order generic lopressor 50mg buy metoprolol 50mg without prescription
cost of methylprednisolone depo-medrol medication buy cheap depo-medrol
order meloxicam 15mg online buy generic celecoxib celebrex 100mg oral
brand esomeprazole brand topamax topiramate us
generic simvastatin buy valacyclovir 1000mg without prescription buy generic valtrex for sale
buy ampicillin tablets acillin without prescription amoxicillin without prescription
buy propecia online finasteride 1mg usa diflucan pill
metronidazole sale – buy terramycin 250mg pills order azithromycin 500mg sale
atarax canada – buspin price buy endep 10mg online
buy generic amoxicillin online – order erythromycin 250mg for sale cheap cipro 1000mg
purchase cleocin pill – order monodox pill order chloromycetin online cheap
buy ventolin online cheap – theo-24 Cr over the counter theo-24 Cr 400 mg uk
buy methylprednisolone 4 mg – claritin pills azelastine 10ml uk
buy desloratadine generic – triamcinolone 10mg drug order albuterol generic