Thailand’s Indorama sets up subsidiary in Netherlands

23 December 2011 10:29  [Source: ICIS news]

SINGAPORE (ICIS)--Thailand’s Indorama Ventures has established a wholly owned subsidiary in the Netherlands to hold the recently acquired recycling and fibre business from Wellman International, the Thai producer said on Friday.

The subsidiary will be named Indorama Ventures Recycling Netherlands, the producer said in a statement.

The acquisition was completed on 30 November.

By: Samuel Wong

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