Thailand-based Indorama Ventures PCL (IVL) -— an integrated manufacturer of purified terephthalic
acid, polyethylene terephthalate (PET) and polyester fiber — has purchased Korea-based SK Chemicals
Co. Ltd.’s assets in Poland and Indonesia and established new subsidiaries.
SK Eurochem Sp. z o.o., Poland, is now held by Indorama Polymers Sp. z o.o., Poland. The
company manufactures PET chip and has an annual production capacity of 140,000 metric tons. PT SK
Keris and PT SK Fiber, Indonesia, are now held by Indorama Netherlands B.V., the Netherlands, which
manufactures PET chip and polyester filament yarn and has an annual capacity of 196,000 metric
tons.
In other company news, Indorama has completed the acquisition of the United States-based
Invista’s PET polymer and resin businesses in Spartanburg, S.C., and Querétaro, Mexico, and has
established new subsidiaries. The Spartanburg business, which has been named Auriga Polymers Inc.,
manufactures polyester staple fiber and polyester resin and has an annual production capacity of
470,000 metric tons. The Mexico business, which has been named IVL Holding S. de R.L. de C.V., also
manufactures polyester staple fiber and polyester resin, and has an annual capacity of 535,000
metric tons.
April/May/June 2011