04 April 2012 03:52 [Source: ICIS news]
SINGAPORE (ICIS)--Thailand-listed polyester maker Indorama Ventures Ltd (IVL) has completed its $795m (€604m) buyout of US-based ethylene oxide/ethylene glycol (EO/EG) producer Old World Industries, the company said on Wednesday.
IVL has “completed all the closing formalities” and has taken charge of Old World’s plant at ?xml:namespace>
Old World is the largest single EO/EG production facility in the
The facility also produces 204,000 tonnes/year of purified EO and 358,000 tonnes of monoethyelene glycol (MEG).
IVL has also formed three indirect wholly owned US-subsidiaries to hold its new
($1 = €0.76)
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