Dhunseri Petrochem enters Into JV with Thailand's Indorama Ventures

摘要

Kolkata, India: Dhunseri Petrochem Ltd has announced the conclusion of equal joint venture partnership with Thailand's Indorama Ventures Public Company Limited (IVL) for polyethylene terephthalate (PET) resins. As per the agreement, announced in February this year, Dhunseri assimilated 50 per cent stake in IVL's PET company in India, Micro Polypet Private Limited (MicroPet), and IVL subscribed 50 per cent stake in Dhunseri's PET company, Dhunseri Petglobal Ltd (DPGL). By merging the two companies as equal partners, the subsequent total capacity of 700,000 tonnes per annum will make the new joint venture the second largest in India.