Post by account_disabled on Dec 20, 2023 22:54:20 GMT -5
Indorama Ventures completes acquisition of Oxiteno in Brazil, expanding growth potential into surfactant market Bangkok, Thailand – 4 April 2022 – Indorama Ventures Public Company Limited or IVA A world-leading chemical company that operates sustainably Completed complete acquisition of Oxiteno S.A. Indústria e Comércio, becoming a leader in the value-added surfactants market. IVL announced the acquisition of Oxiteno, previously a subsidiary of Ultrapar Participações S.A., in August 2021 and completed on 1 April 2022 following approval from Administrative Council for Economic Defense (CADE) of Brazil This acquisition allows IVL to expand its growth potential into highly attractive markets in Latin America and the United States. and resulted in IVL becoming a surfactant producer.
Leading in the Americas with additional opportunities Job Function Email Database to expand into Europe and Asia. DK Agarwal, CEO, IVL said, “This strategic acquisition is in line with our 2030 vision to strengthen Industry leadership in sustainability and our ongoing goal of doubling EBITDA every five years. Based on our experience and successful acquisitions of 50 acquisitions over the past 20 years, we recognize the potential of the Oxiteno people and the value they bring. Shared organization is paramount to this investment, with Oxiteno bringing an excellent management team. Strong relationships with customers in Brazil, Uruguay and Mexico Expertise in sustainable innovation and environmental, social, and corporate governance operations. (Environmental, Social, and Governance: ESG) and strong sustainability aspects.
We welcome new members of the IVL family. and aims to fulfill the organization's goals in 'reimagining chemistry together to create a better world' Oxiteo will be part of IVL's Integrated Oxides and Derivatives (IOD) business group, which was established in 2020. Acquisition of assets from Huntsman USA (Spindletop transaction) IOD fuels high-margin growth alongside IVL's initial business unit Combine PET (CPET) and all three Fibers businesses. of IVL will work together to create a stronger and more flexible integrated business model throughout the value chain. Company's petrochemicals Oxiteno business acquired by IVL It consists of 11 manufacturing sites in Latin America and the United States. 5 research and development centers with an experienced management team Strong environmental supervision and expertise in innovative green chemicals. Together with Oxiteno, the IOD business unit will be a technology leader promoting innovative.
Leading in the Americas with additional opportunities Job Function Email Database to expand into Europe and Asia. DK Agarwal, CEO, IVL said, “This strategic acquisition is in line with our 2030 vision to strengthen Industry leadership in sustainability and our ongoing goal of doubling EBITDA every five years. Based on our experience and successful acquisitions of 50 acquisitions over the past 20 years, we recognize the potential of the Oxiteno people and the value they bring. Shared organization is paramount to this investment, with Oxiteno bringing an excellent management team. Strong relationships with customers in Brazil, Uruguay and Mexico Expertise in sustainable innovation and environmental, social, and corporate governance operations. (Environmental, Social, and Governance: ESG) and strong sustainability aspects.
We welcome new members of the IVL family. and aims to fulfill the organization's goals in 'reimagining chemistry together to create a better world' Oxiteo will be part of IVL's Integrated Oxides and Derivatives (IOD) business group, which was established in 2020. Acquisition of assets from Huntsman USA (Spindletop transaction) IOD fuels high-margin growth alongside IVL's initial business unit Combine PET (CPET) and all three Fibers businesses. of IVL will work together to create a stronger and more flexible integrated business model throughout the value chain. Company's petrochemicals Oxiteno business acquired by IVL It consists of 11 manufacturing sites in Latin America and the United States. 5 research and development centers with an experienced management team Strong environmental supervision and expertise in innovative green chemicals. Together with Oxiteno, the IOD business unit will be a technology leader promoting innovative.