# Indorama Ventures and Dhunseri form JV to acquire Egypt's EIPET PET plant

Indorama Ventures and India's Dhunseri Petrochem formed a 50:50 joint venture to acquire up to 50% of Egyptian Polyester Company (EIPET) and restart its 540,000 tonne/year PET plant in Ain Sokhna, Egypt. Financial details were not disclosed.

- Type: Acquisition
- Announced: 2018-06-15
- Where: Ain Sokhna free trade zone, Egypt
- Jobs: 300
- Status: announced
- Capacity: 540,000 tonnes/year
- Products: PET resin, polyethylene terephthalate
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Indorama Ventures](https://endata.com/companies/3457.md) (acquirer)
- [Dhunseri Petrochem](https://endata.com/companies/3458.md) (investor)
- [Dhunseri Petrochem](https://endata.com/companies/3458.md) (partner)
- [Egyptian Polyester Company SAE](https://endata.com/companies/3459.md) (target)

## Sources

- [polyestertime.com](https://www.polyestertime.com/ivl-dhunseri-joint-venture-egypt-pet-plant/), 2018-06-15: "Indorama Ventures Public Co Ltd (IVL) and India's Dhunseri Petrochem have teamed up to acquire and restart a 540,000 tonne/year polyethylene terephthalate (PET) facility in Egypt."
- [petnology.com](https://www.petnology.com/online/news-detail/indorama-ventures-to-support-manufacturing-revival-in-egypt), 2018-06-18: "Delighted to Team Up with Indian JV partner 'Dhunseri' to Restart EIPET and Create 300 Jobs"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.