Chemical producer Indorama Ventures (IV) has announced that it has made an agreement to acquire Invista Resins & Fibres GmbH, which owns a PET manufacturing facility in Gersthofen, Germany.
The facility has a combined capacity of 282,000 tonnes per annum and employs 140 people, with the transaction expected to be completed in the first quarter of 2019, subject to regulatory approvals.
According to IV, Invista is a strong fit with the firm and is . . .
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