Takeover of Invista's polyester plant in Germany / Focus on specialised PET barrier types
For an undisclosed sum, Indorama Ventures (IVL, Bangkok / Thailand; is to take over Invista Resins & Fibers (Hattersheim / Germany), a subsidiary of Invista (Wichita, Kansas / USA; Set to be completed in the first quarter of 2019, the deal also includes the Gersthofen / Germany production plants in the polyester chain.

Invista Resin & Fibers has a workforce of around 140. Total production capacity at the Bavarian site is about 285,000 t/y. Originally part of Hoechst, the plant produces feedstock DMT, PET fibre materials and PET specialities for barrier packaging. Indorama’s main motivation for the deal is to acquire the “Polyshield” and “Oxyclear” barrier material brands. The acquisition cedes all technology and brand rights for these PET specialities to the Thai company, which intends to focus more effectively on the world's growing barrier market.

Though no precise figures are available, it is likely that the PET packaging types account for by far the smallest proportion of production volumes at Gersthofen. In 2010, Invista had in the form of pilot plants retained production at the site as its only involvement in polyester types for packaging – see of 27.04.2010. Some facilities from the former PET plant in Offenbach / Germany, which closed at the end of 2009, were relocated to Gersthofen at that time.
04.01.2019 [241434-0]
Published on 04.01.2019
Indorama: Übernahme von Invistas PET-Werk in GersthofenGerman version of this article...

© 2001-2019  |  Imprint  |  Privacy 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, Bad Homburg
Date of print: 25.08.2019 15:17:32   (Ref: 323503038)
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: