Indorama Ventures Public Company Limited is acquiring an equity stake of 85% in UCY Polymers CZ s.r.o., a leading PET recycler in the Czech Republic.
UCY processes post-consumer PET into Recycled Polyethylene Terephthalate (rPET) flakes with a total capacity of approx. 40,000 tonnes/annum.
This acquisition is a strategic fit for Indorama Ventures (IVL) as a backward integration into the company’s expanding rPET footprint in Europe and across the world to secure feedstock for rPET products. IVL is committed to increasing its recycling capacity to 750,000 tons per year by 2025, with a total US$1.5 billion investment to achieve its sustainability goals.
