Home / Knowledge / News / Textiles / Indorama Ventures signs two JVs in Mexico
Indorama Ventures signs two JVs in Mexico
27
Dec '14
Thailand headquartered and producer of petrochemicals and fibres, Indorama Ventures has signed two joint venture deals in Mexico, both in which it will have a 51 per cent holding.

The first is Indorama Ventures EcoMex, S. de R. L de C.V which is in the business of PET Recycled Flake and the 51 per cent stake will be held by one of its indirect subsidiaries, IVL Holding, S. de R.L. de C.V.

The second JV named Indorama Ventures EcoMex Services, S. de R. L de C.V will offer administrative services and in this too, the 51 per cent stake will be held by IVL Holding, S. de R.L. de C.V.

The rest of the 49 per cent in both joint ventures will be held by Mario Martínez Barone, a Mexican citizen in his individual capacity.

In a statement Indorama said, “M&M Polymers S.A. de C.V., a company controlled by Mario Martinez Barone was a supplier of PET flakes to us in Mexico.”

“And with this investment we would get partially integrated in own produced flakes for our Recycled PET which is in line with our strategy to promote sustainability through recycling and reducing waste,” it added. (AR)

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search