Acquired in a joint venture July 2010
Indorama Ventures acquired the Italian PET and PTA producer Ottana Polimeri S.R.L. from Equipolymers Europe, a joint venture between Dow Chemical Company and Petroleum Industries Company of Kuwait. The deal provides IVL access to the Mediterranean region, including markets in Southern Europe and North Africa. The acquisition was made through a 50:50 joint venture between IVL’s European subsidiary IVL Belgium N.V. and PCH Holding S.R.L. (“PCH”) of Italy.
The Ottana Polimeri PET facility has an annual production capacity of 161,000 tonnes. The plant is situated on the island of Sardinia, Italy, offering the company the strategic ability to serve Southern Europe with the shortest transportation route possible.
The plant is back integrated with its own PTA facility.
Ottana Polimeri S.R.L.
161,000 tonnes per annum of PET
Strada Provinciale 17, Km 18, Ottana 08020 (NU), Sardegna, Italy
Tel: +39 0784 728 222
Fax: +39 0784 728 246
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