Loading…
Indorama Ventures has entered into a joint venture agreement with Dhunseri Petrochem to acquire Egyptian Indian Polyester Company (EIPET) in Ain Sokhna, Egypt. The facility is one of the biggest in the Middle East and Africa.
Indorama Ventures and India's Dhunseri Petrochem formed a 50:50 joint venture to acquire up to 50% of Egyptian Polyester Company (EIPET) and restart its 540,000 tonne/year PET plant in Ain Sokhna, Egypt. Financial details were not disclosed.