Derivatives deal between Indorama and Huntsman concludes
07/01/2020
In manufacturing plants in the US, India and Australia, this division of Huntsman’s business makes derivatives that serve as raw materials for a wide range of products. In future, Indorama hopes to make inroads into using these derivatives to make unsaturated polyester resins for coatings.
On completing the acquisition, Indorama chief executive, Aloke Lohia, said: “I see this as IVL’s most strategic and ambitious deal as we set our goals and aspirations at the turn of this decade and as we groom ourselves into a global, diversified chemicals company.”
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