IVL to buy M&G PET plant in key Brazilian market

Indorama Ventures (IVL) is to acquire, through its indirect subsidiary Indorama Ventures Spain, a 100 per cent stake in M&G Polimeros Brazil in Ipojuca, Brazil. The plant, the largest PET facility in Brazil with capacity of 550,000 tonnes a year, benefits from a virtual integration with its key feedstock supplier of purified terephthalic acid (PTA)….