# Indorama Ventures acquires 74% stake in Egypt's Medco Plast

Indorama Ventures (IVL) acquired a 74% share of Egypt-based PET preforms maker Medco Plast, which has annual capacity of 70,000 metric tonnes. The deal was reported on 15 November 2018.

- Type: Acquisition
- Announced: 2018-11-15
- Where: Egypt
- Status: completed
- Capacity: 70,000 metric tonnes per year of PET preforms
- Products: PET preforms, injection-moulded products, closures
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Indorama Ventures](https://endata.com/companies/3457.md) (acquirer)
- [Medco Plast](https://endata.com/companies/4188.md) (target)
- [Middle East Glass Manufacturing](https://endata.com/companies/4189.md) (partner)

## Sources

- [packaging-gateway.com](https://www.packaging-gateway.com/news/ivl-buys-medco-plast/), 2018-11-15: "Thailand-based petrochemicals company Indorama Ventures (IVL) has acquired 74% of the share capital of Egypt-based PET preforms maker Medco Plast for Packing and Packaging Systems."

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