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Thailand-based Indorama Ventures agreed to acquire German firm Invista Resins and Fibers, including its Gersthofen value-added PET manufacturing facility.
Indorama Ventures (IVL) acquired a 74% share of Egypt-based PET preforms maker Medco Plast, which has annual capacity of 70,000 metric tonnes. The deal was reported on 15 November 2018.