Home / Knowledge / News / Textiles / Indorama Ventures signs two JVs in Mexico
Indorama Ventures signs two JVs in Mexico
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

Md Siddiqur Rahman, president, BGMEA, addressing a press conference with other dignitaries. Courtesy: BGMEA

Apparel/Garments | On 29th May 2017

BGMEA asks govt for 5% incentive for 2 years in Budget

The Bangladesh Garment Manufacturers and Exporters Association...

Textiles | On 29th May 2017

Special package creates 7,50,000 jobs in garment sector

The special garment package of Rs 6,000 crore that was introduced by...

Textiles | On 29th May 2017

Tintex, Bruckner bring new effects to knitted fabric

The textile company Tintex has joined hands with the system supplier...

Interviews View All

Abhimanyu Singh Rathore & Barbara Anna Kosiorek

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Abhishek Samdaria

GST will certainly reduce a lot of paperwork in future

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
May 2017

May 2017

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


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search