# Indorama Ventures completes acquisition of Vietnamese PET packaging maker Ngoc Nghia

Indorama Ventures completed its acquisition of Ngoc Nghia Industry Service Trading JSC, a Vietnamese PET preforms, bottles and closures producer with four plants and 76,000 tons annual PET conversion capacity.

- Type: Acquisition
- Announced: 2022-04-25
- Where: Vietnam
- Value: $90.0M (3.09B THB)
- Status: completed
- Capacity: 5.5 billion units of PET preforms, bottles and closures; 76,000 tons of PET conversion per year
- Products: PET preforms, PET bottles, PET closures
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [Packaging](https://endata.com/sectors/packaging.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

- [petpla.net](https://petpla.net/2022/04/25/indorama-ventures-completes-acquisition-of-pet-packaging-business-in-vietnam/), 2022-04-25: "IVL completed the acquisition of Ngoc Nghia Industry – Service – Trading Joint Stock Company (NN), one of Vietnam’s leading PET packaging companies."
- [bangkokpost.com](https://www.bangkokpost.com/business/general/2300434/indorama-buys-ngoc-nghia), 2022-04-25: "IVL purchased 97.8% of Ngoc Nghia for about 3.09 billion baht."

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