Indorama Ventures to acquire M&G Fibras Brasil fibers plant

Indorama Ventures has agreed to acquire M&G Fibras Brasil in Cabo de Santo Agostinho, Brazil, which manufactures polyester staple fiber with a polymerization capacity of 75,000 tonnes per annum, expected to close in Q4 2018.

“Indorama Ventures Public Company Limited (IVL), a global chemical producer, has announced that it has entered into an agreement to acquire M&G Fibras Brasil, in Cabo de Santo Agostinho, Brazil.”indoramaventures.com

• 2 sources
• indoramaventures.comIndorama Ventures Expands Presence in Brazil with Entry into Fibers Market Fills an Important Gap in IVL’s Global Fiber Footprint | Indorama VenturesNov 2, 2018
• chemanager-online.comIndorama Acquires M&G Fibras Brasil • CHEManager is the market-leading medium for the management of the chemical and pharmaceutical industryNov 12, 2018

Summarized from public sources; check the original articles before acting on it.