INDORAMA
Acquisition of controlling interest in Egyptian Medco Plast complete
Indorama now has a major place in Egypt's PET preforms market (Photo: tzidophoto/Fotolia)
PET global market leader Indorama Ventures (IVL, Bangkok / Thailand; www.indoramaventures.com) has completed the acquisition of a 74% stake in Medco Plast for Packing and Packaging Systems (Giza / Egypt; https://medcoplast.business.site) – see Plasteurope.com of 24.07.2018. Following the transaction, Middle East Glass Manufacturing holds a 16% share and the Samaha family holds 10%.

With a 25% market share, Medco Plast is the largest producer of PET preforms and closures for beverage bottles in Egypt. Its 11 production lines in Giza have a capacity of 70,000 t/y of preforms. The acquisition gives Indorama exposure to the East African PET packaging market and complements the Thai company's existing West African footprint in Nigeria and Ghana.
27.11.2018 Plasteurope.com [241225-0]
Published on 27.11.2018
Indorama: Erwerb von Medco Plast abgeschlossenGerman version of this article...

© 2001-2019 Plasteurope.com  |  Imprint  |  Privacy

Plasteurope.com is a business information platform for the European plastics industry. It is part of KI Kunststoff Information and PIE Plastics Information Europe, one of the leading content providers for the European plastics industry. We offer daily updated business news and reports, in-depth market analysis, polymer prices and other services for the international plastics industry, including a suppliers guide, career opportunities, a trade name directory and videos.

News | Polymer Prices | Material Databases | Plastics Exchange | Suppliers Guide | Jobs | Trade Names | Videos | Associations & Institutions | Register | Advertising

PIE – Plastics Information Europe | KI – Kunststoff Information | KunststoffWeb | Plastics Material Exchange | Polyglobe | K-Profi
© 2001-2019 by Plasteurope.com, Bad Homburg
Date of print: 14.12.2019 17:33:25   (Ref: 644665346)
Text and images are subject to copyright and other laws for protection of intellectual property.
Any duplication or distribution in any media as a whole or in parts requires prior written approval by Plasteurope. URL: http://www.plasteurope.com/news/detail.asp