# Indorama Ventures to acquire Ngoc Nghia Industry in Vietnam

Indorama Ventures is acquiring shares in Ngoc Nghia Industry – Service – Trading Joint Stock Company, a PET converter in Vietnam with four manufacturing sites and capacity of 5.5 billion units per year. The transaction is expected to complete in the first half of 2022.

- Type: Acquisition
- Announced: 2022-01-10
- Where: Vietnam, Vietnam
- Value: $92.5M
- Status: announced
- Capacity: 5.5 billion units of PET preforms, bottles and closures per annum
- Products: PET preforms, bottles, closures
- Sectors: [Packaging](https://endata.com/sectors/packaging.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Indorama Ventures](https://endata.com/companies/3457.md) (acquirer)
- [Ngoc Nghia Industry Service Trading JSC](https://endata.com/companies/9167.md) (target)
- [Ngoc Nghia Industry Service Trading Joint Stock Company](https://endata.com/companies/9171.md) (target)

## Sources

- [indoramaventures.com](https://www.indoramaventures.com/en/updates/other-release/1875/indorama-ventures-to-expand-packaging-business-into-vietnam-strengthening-market-position-in-asia-pacific), 2022-01-10: "Indorama Ventures Public Company Limited announces that it is in the process of acquiring shares in Ngoc Nghia Industry – Service – Trading Joint Stock Company"
- [vnpolyfiber.com](https://vnpolyfiber.com/indorama-ventures-pet-resin-producer-acquired-viet-nams-plastic-packaging-manufacturer/), 2022-01-14: "The PET packaging market in Vietnam is expected to grow steadily due to increasing consumption and rising living standards."

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