PET NEWS

Indorama Ventures Public Co Limited (IVL) has completely acquired the Polyethylene Terephthalate (PET) plant of Mossi & Ghisolfi's (M&G) in Brazil, as stated by IVL in a filing with the Stock Exchange of Thailand. IVL took control of the operations in the plant as it completed all of the closing formalities on Thursday. The plant operates at a PET capacity of 550,000 tonnes/year.