IVL buys Egypt’s MEG to expand East African footprint

Thai petrochemical giant Indorama Ventures Public Company (IVL) has acquired 74 per cent of Egypt’s Medco Plast for Packing and Packaging Systems SAE, a manufacturer of plastics bottles based in Giza, for E£843 million (US$47m). Medco Plast is the largest supplier of recyclable PET preforms, injection moulded products and closures to mineral water and soft…