BANGKOK, Thailand — December 20, 2018 — Indorama Ventures Public Company Limited (IVL), a global chemical producer, announced that it has entered into an agreement to acquire INVISTA Resins & Fibers GmbH, which owns a high value-added PET manufacturing facility located in Gersthofen, Germany. The Gersthofen site has a combined capacity of 282,000 tonnes/ annum, and employs approximately 140 employees.
The transaction is expected to be completed in the 1st quarter 2019, subject to regulatory approvals. Details,
