# Indorama Netherlands to acquire Ngoc Nghia Plastics for $91M

Indorama Netherlands B.V. announced plans to acquire all shares of Ngoc Nghia Plastics JSC, a Vietnamese PET packaging manufacturer, for $91 million. Ngoc Nghia has four sites and a production capacity of 5.5 billion units of PET preforms, bottles, and closures per year.

- Type: Acquisition
- Announced: 2022-03-23
- Where: Vietnam
- Value: $91.0M
- Status: announced
- Capacity: 5.5 billion units of PET preforms, bottles, and closures per year; 76,000 tonnes per annum
- Products: PET preforms, PET bottles, PET closures
- Sectors: [Packaging](https://endata.com/sectors/packaging.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Indorama Netherlands](https://endata.com/companies/61797.md) (acquirer)
- [Ngoc Nghia Plastics](https://endata.com/companies/61798.md) (target)

## Sources

- [vir.com.vn](https://vir.com.vn/indorama-netherlands-to-acquire-ngoc-nghia-plastics-92112.html), 2022-03-23: "This investment opportunity is in line with IVL’s business strategy of expanding its footprint in growing economies like Vietnam."

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