# 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.

- Type: Acquisition
- Announced: 2018-11-02
- Where: Cabo de Santo Agostinho, Brazil, Brazil
- Status: announced
- Capacity: 75,000 tonnes per annum
- Products: polyester staple fiber
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Indorama Ventures](https://endata.com/companies/3457.md) (acquirer)
- [M&G Fibras Brasil](https://endata.com/companies/35286.md) (target)

## Sources

- [indoramaventures.com](https://www.indoramaventures.com/en/updates/press-releases/1180/indorama-ventures-expands-presence-in-brazil-with-entry-into-fibers-market-fills-an-important-gap-in-ivls-global-fiber-footprint), 2018-11-02: "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."
- [chemanager-online.com](https://chemanager-online.com/en/news/indorama-acquires-mg-fibras-brasil), 2018-11-12: "Brazil, with its large spinning industry is a natural place for the textile industry to enjoy long-term growth due to its location and large population."

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