PETpla.net Insider 10 / 2016

PET news 6 PET planet Insider Vol. 17 No. 10/16 www.petpla.net Indorama Ventures announces completion of JV agreement with Dhunseri Petrochem Indorama Ventures Public Company Limited (IVL), a global chemical producer, announced the completion of a joint venture (JV) in India of IVL’s PET Company, Micro Polypet Private Limited (MicroPet), with Dhunseri Petrochem Ltd. (Dhunseri). Simultaneously, IVL has acquired a 50% stake in Dhunseri’s PET Company in India, Dhunseri Petglobal Ltd. By combining the two companies as equal partners, the resulting total capacity of 700,000t/a will make the new JV the second largest in India. The potential for growth in the PET industry in India is significant given that per capita consumption of PET in India is currently at 0.6kg/a as compared to 2.6kg/a in China and 10.9kg/a in the USA. The JV will gain from synergies as being the sole producer of PET resin in Northern and Eastern India and with all its manufacturing sites being effectively integrated with third party PTA suppliers. IVL’s global market reach and high utilisation rates are expected to supplement the Indian city Haldia’s location benefit at Eastern India’s largest port while MicroPet enjoys a strong location advantage in the high-demand territory of North India. www.indoramaventures.com Meet PETplanet at China Brew China Beverage 2016 The China Brew China Beverage trade show, which has been held in Beijing on 11 occasions since 1995, will move to Shanghai New International Expo Center, Shanghai on October 2016. The liquid food manufacturing and packaging trade show, which runs from October 11–14, is expected to cover 100,000m 2 with over 800 exhibitors.. Meet the PETplanet team in hall W2 booth 2Y445 . www.chinabrew-beverage.com Amcor Rigid Plastics agrees to acquire assets of Sonoco’s Global Plastics blow moulding business Amcor Rigid Plastics has entered into an agreement to acquire the assets of Sonoco’s Global Plastic blow moulding business in North America. Sonoco manufactures custom rigid plastic bottles, jars, overcaps and closures for the food, beverage, pharmaceutical, health and beauty and personal care markets in seven plants located in the U.S. and Canada. “This acquisition will directly support our strategy to meet our customers’ growing needs,” said Mike Schmitt, Amcor Rigid Plastics president. “The combined assets and talents of Amcor Rigid Plastics and Sonoco will allow us to meet strate- gic customer growth objectives while expanding our extrusion and injection moulding assets and adding advanced decorat- ing capabilities.” The acquisition is subject to regulatory approvals. Until the transaction is closed, Amcor Rigid Plastics and Sonoco will continue to operate as two separate companies. www.amcor.com ALPS machines leak test more than 25 billion W d ďŽƩůĞƐ ĂŶŶƵĂůůLJ͘ DID YOU KNOW? sŝƐŝƚ ƵƐ Ăƚ ƚŚĞ <Ͳ^ŚŽǁ in Hall 10, Booth B65 or visit ǁǁǁ͘ĂůƉƐůĞĂŬ͘ĐŽŵͬW d ŝŶĨŽΛĂůƉƐůĞĂŬ͘ĐŽŵ ǁǁǁ͘ĂůƉƐůĞĂŬ͘ĐŽŵ FIND OUT WHY