Indorama Ventures acquired 100% of the PET Business of M&G Group in Brazil. The company was renamed Indorama Ventures Polimeros S.A. This acquisition has been a maiden entry into the key South American market strengthens our position as the #1 PET player globally. Indorama Ventures now has unrivalled scale and global reach, being present in five continents with a uniquely balanced and integrated business model.