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Indorama Ventures acquires India’s MicroPet

( December 1, 2015, 03:14 GMT | Insight) -- Thailand's Indorama Ventures, or IVL, has acquired India’s Micro Polypet, or MicroPet, which currently holds a 12 percent share of India’s total polyethylene terephthalate (PET) production capacity, The Nation reports. IVL Group chief execu...Thailand's Indorama Ventures, or IVL, has acquired India’s Micro Polypet, or MicroPet, which currently holds a 12 percent share of India’s total polyethylene terephthalate (PET) production capacity, The Nation reports. IVL Group chief executive Aloke Lohia said that with the acquisition, IVL now had a foothold in Asia’s most highly-populated markets — China, Indonesia and India — which were major markets for the world’s fast-moving consumer goods brands....

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