09 December 2010 11:14 [Source: ICIS news]
IVL has also agreed to acquire SK Chemicals' polyethylene terephthalate (PET) resin manufacturer PT SK Keris, together with its polyester fibres and yarns subsidiary PT SK Fiber in
Financial information on the acquisition was not disclosed.
SK Eurochem is a 140,000 tonnes/year PET manufacturing facility in
"The business and markets of these SK Chemicals' assets are in new and attractive geographic regions that Indorama has been keen to develop,” said Aloke Lohia, group CEO of IVL.
“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,” he added.
IVL said the acquisition of SK Eurochem in
In November, Indorama signed an agreement with US-based PET producer Invista to acquire two of the latter’s polyester resins and polyester staple assets in the
"These new acquisitions in
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