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Thailand’s Indorama Ventures’ subsidiary acquires BPC

Posted on : 03 Jul, 2015

 

Indorama Ventures, the largest PET producer globally and also the largest polyester fibre producer in Thailand, has announced that its subsidiary Indorama Petrochem Ltd has acquired a 94.91 percent equity stake in Bangkok Polyester Public Company Limited (BPC).

 

Indorama Petrochem has signed a definitive share purchase agreement in this regard. The transaction is expected to be completed in the second quarter of 2015 after the customary approval is secured.

 

BPC has an annual capacity of 105,000 tons and is located in Rayong, Thailand.

 

Setup in 1994, BPC manufactures and markets premium grade PET resins used in packaging for food, drinks, cosmetics and medicine industry.

 

A site visit to Indorama PET recycling plant in Nakhon Pathom is organised as part of the 5th PET Asia Outlook scheduled on 18-19 November, 2015, in Bangkok.

 

For more information email Ms. Hafizah at hafizah@cmtsp.com.sg or call +65 6346 9218.

 

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