Thai Indorama completes acquisition of Brazil PET plant

Al Greenwood

25-May-2018

HOUSTON (ICIS)–Indorama Ventures Public Co Limited (IVL) has completed the acquisition of Mossi & Ghisolfi’s (M&G) polyethylene terephthalate (PET) plant in Brazil, the company said on Friday.

Photo by Mood Board/REX/Shutterstock

IVL completed all of the closing formalities and took control of the operations on Thursday, the company said in a filing with the Stock Exchange of Thailand.

The plant is in Ipojuca, Pernambuco state, and it has a PET capacity of 550,000 tonne/year.

M&G operated the plant under M&G Polimeros Brazil.

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