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Indorama Ventures enters into a joint venture agreement with Dhunseri Petrochem to acquire its Egyptian Indian polyester company in Ain Sokhna, Egypt

Related Keywords: EIPET, free trade agreements, Indorama Ventures, recyclable PET packaging, sourcing feedstocks, sustainable packaging, sustainable PET business

Indorama is focused on balancing market needs for recyclable PET packaging, which has faced unparalleled economic challenges over last several years leading to uncompetitive supplies and disturbances in recent times.

The facility in Egypt will lead to easing supply concerns in North Africa and in the Common Market for Eastern and Southern Africa (COMESA) as well as the markets covered by the several Free Trade Agreements (FTA) which Egypt is a signatory to.

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