20 December 2018
VIEW FULL ACQUISITION PRESENTATION
DETAILS
Indorama Ventures Public Company Limited (“IVL”)
would like to inform that it has, through its indirect subsidiary
Indorama Netherlands B.V.,
signed a definitive agreement
on December 20th , 2018 (Bangkok time) with
Arteva Holdings GmbH;
INVISTA Textiles (U.K.) Limited;
and INVISTA Equities, LLC,
to acquire a 100% stake in the PET business of
INVISTA Resins & Fibers GmbH, Germany (“IRFG”);
and certain Intellectual Property Rights of
INVISTA Textiles (U.K.) Limited
with regards to its barrier technology.
PolyShield® PET and OxyClear® Barrier PET
are well known brands in oxygen barrier packaging.
OxyClear® barrier resin
Type : Copolymer
IV (Dl/g) : 0.84
OxyClear® barrier resin is a PET-based, monolayer oxygen ingress barrier resin
that provides shelf life protection for up to 24 months.
Containers made from OxyClear® barrier resin are crystal clear
and protect oxygen-sensitive foods and beverages, such as
juice, wine, beer, dairy and fortified water as well as
ketchup, sauces and other condiments throughout their entire shelf life.
Colorless and tinted containers made from OxyClear® barrier resin
show the same clarity as containers made from standard PET.
OxyClear® barrier resin has obtained regulatory clearance
for food and beverage packaging under the Federal Food, Drug,
and Cosmetic Act and the European Union Packaging Directive
for certain food types and processing conditions
The IRFG plant is located in Gersthofen, Germany
and manufactures high value-added PET
with combined capacity of 282,000 tons/ annum.
This acquisition will allow IVL to
* extend its product portfolio of High Value-added (HVA) Polymers
into Europe and
* expand our footprint in barrier resins market
from North America to Rest of the World
by leveraging on the IP Rights being acquired.
PET packaging with oxygen barrier is used
by the food and beverage industry
to further increase the shelf life of the products.
This transaction is expected to be completed within Q1, 2019,
subject to regulatory approvals
Sources : WWW.SET.OR.TH,
WWW.CHEMWINFO.COM BY KHUN PHICHAI
