Companies on accquisition trail around the globe

摘要

In a bid to secure its raw material supply, Thailand-based polyester maker Indorama Ventures is acquiring 100% equity in US ethylene oxide and ethylene glycol producer Old World Industries for US$795 million.Old World has the largest single EO/EG production facility in the US with crude EO capacity of 435,000 tonnes/year. Mono ethylene glycol (MEG) is one of the key components, together with purified terephthalic Acid (PTA), in the manufacture of PET and polyester fibres and yarns, both downstream products of Indorama.