# Indorama Ventures enters JV with Dhunseri to acquire EIPET polyester plant in Egypt

Indorama Ventures has entered into a joint venture agreement with Dhunseri Petrochem to acquire Egyptian Indian Polyester Company (EIPET) in Ain Sokhna, Egypt. The facility is one of the biggest in the Middle East and Africa.

- Type: Acquisition
- Announced: 2018-07-09
- Where: Ain Sokhna, Egypt
- Status: announced
- Products: recyclable PET packaging
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Indorama Ventures](https://endata.com/companies/3457.md) (acquirer)
- [Dhunseri Petrochem](https://endata.com/companies/3458.md) (partner)
- [Egyptian Indian Polyester Company](https://endata.com/companies/32655.md) (target)

## Sources

- [yarnsandfibers.com](https://www.yarnsandfibers.com/news/textile-news/indorama-ventures-enters-into-a-joint-venture-agreement-with-dhunseri-petrochem-to-acquire-its-egyptian-indian-polyester-company-in-ain-sokhna-egypt/), 2018-07-09: "EIPET is a good fit with Indorama Ventures' strategy in the recyclable and sustainable PET business"

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