Indorama Ventures Public Co. Ltd., a global chemical producer, has received the regulatory
clearance required from the U.S. Federal Trade Commission for the joint asset purchase of M&G
USA Corp. and its affiliated debtors. Indorama Ventures, Alpek, S.A.B. de C.V., and Far Eastern
Investment (Holding) Ltd., entered into a joint venture agreement to acquire M&G’s Corpus Christi
plant through Corpus Christi Polymers LLC. The acquisition also includes certain M&G intellectual
property, and a desalination/boiler plant. The plant will have nominal capacity of 1.1 million and
1.3 million metric tons per year of PET and PTA, respectively. The three joint venture parties will
each receive one-third of the capacity produced.
Indorama Ventures acquires M&G USA
Industry News, News | March 20, 2019 | By: ATA
You might also like...
Former longtime SP Associates owner Gabe Hill dies
Jones Family of Companies announces growth, new developments
FabricLink Network announces development of The Textile Gateway
DITF and VRETENA win Cellulose Fiber Innovation of the Year 2024 Award
New DHS textile enforcement plan cracks down on illicit trade
Anthony Pappalardo joins Herculite as regional sales manager for shade products