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Thai group acquires PET assets in Poland


2010-12-10



Indorama Ventures PCL, the world’s biggest manufacturer of polyethylene terephthalate (PET), announced that it has agreed to acquire SK Eurochem, a Polish PET maker based in Wloclawek. In a statement, the Thai group said the deal would give it access to an important emerging market with high long-term potential for demand.

The selling party was SK Chemicals, a South Korean chemicals group that owns nearly 63% of SK Eurochem. Its other shareholders are Anwil (a unit of PKN Orlen), LG and the EBRD.

SK Eurochem has manufacturing capacity of 140,000 tons per year and claims to be the only PET maker in Poland.

Indorama is listed on the Bangkok stock exchange.



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