# Indorama Ventures acquires 85% stake in PET recycler UCY Polymers CZ

Indorama Ventures Public Company Limited completed a deal for an 85% equity stake in Czech Republic-based PET plastic recycler UCY Polymers CZ s.r.o. The investment will enable IVL to recycle about 1.12 billion additional post-consumer PET bottles in the Czech Republic annually by 2025.

- Type: Acquisition
- Announced: 2022-02-18
- Where: Czechia
- Status: completed
- Capacity: 40,000 tonnes of recycled PET flake per year
- Products: recycled PET flake, recycled PET resin
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Indorama Ventures Public Co. Ltd.](https://endata.com/companies/16732.md) (acquirer)
- [UCY Polymers CZ s.r.o.](https://endata.com/companies/61126.md) (target)

## Sources

- [indoramaventures.com](https://www.indoramaventures.com/en/investor-relations/newsroom/press-releases/1894/new-indorama-ventures-partnership-will-recycle-over-16-billion-pet-beverage-bottles-in-the-czech-republic-by-2025-indorama-ventures-acquires-85-equity-stake-in-ucy-polymers-cz-sro-ucy), 2022-02-18: "IVL will use our know-how to grow capacity and recycle more and more bottles."

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