# FTC approves final order on PET resin joint venture acquisition

The US Federal Trade Commission approved a final order settling charges that the joint acquisition of an under-construction PET production facility by Alpek (DAK), Indorama Ventures, and Far Eastern New Century would violate antitrust law. The order imposes conditions to prevent anti-competitive behavior.

- Type: Regulation
- Announced: 2019-02-25
- Where: United States
- Value: $1.10B
- Status: completed
- Products: PET resin
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Indorama Ventures](https://endata.com/companies/3457.md)
- [Alpek](https://endata.com/companies/4456.md)
- [Far Eastern New Century](https://endata.com/companies/4457.md)
- [Federal Trade Commission](https://endata.com/companies/1372.md) (partner)

## Sources

- [pymnts.com](https://www.pymnts.com/cpi-posts/us-ftc-approves-order-imposing-conditions-on-pet-resin-jv/), 2019-02-25: "The terms of the final order prevent the joint-venture partners from using their joint ownership of the assets to act alone or in concert to exercise market power."

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