Indorama to make Brazilian acquisition
21/03/2018
The transaction is expected to be completed in second quarter 2018, subject to regulatory approvals.
Indorama said at the time of the announcement that this acquisition in Brazil is in line with its strategy to extend its market position and expand its global footprint in key markets with high growth potential.
It said it regards South America as an important emerging market with domestic demand for polyester growing at around 5%. Today’s per capita consumption of polyester is comparatively low at 2.8 kilos, the industrial group said, and has “great potential for growth”.
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