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Indorama Ventures recently announced to acquire Sorepla, a French plastics recycling recycler.
Indorama Ventures recently announced to acquire Sorepla, a French plastics recycling recycler.

Indorama Ventures Public Company Limited (IVL), a global chemical producer, announced that it has entered into an agreement to acquire Sorepla Industrie S.A., a French plastics recycling recycler.

Sorepla Industrie is one of the largest recyclers in Europe. Its facility consists of three production lines, which are Recycled Polyethylene Terephthalate (rPET), Recycled High Density Polyethylene (rHDPE) and food-grade Pellets, with a combined capacity of 52,000 tonnes per annum.

This acquisition is strategically in line with the IVL’s objectives of long-term sustainability. It will also solidify IVL’s position in Europe and open up new opportunities to serve increasing demand for food grade rPET.

While IVL has a significant recycling presence in France through its subsidiary, Wellman France Recyclage in Verdun, the acquisition of Sorepla will give IVL additional capabilities to deliver food grade rPET to serve increasing demand among major brand owners for more sustainable packaging solutions. Due to Sorepla’s proximity to existing recycling business, synergies of management and supply chain are expected to benefit IVL businesses.

Commenting on the acquisition, Aloke Lohia, Group CEO of Indorama Ventures said, “Indorama Ventures plays a key role in promoting the circular economy and environmental sustainability globally. We believe that the recycling of PET packaging is one of the most responsible solutions for the preservation of resources and the reduction of PET containers in landfills.”

“With a comprehensive European network for bottle sourcing and good supply chain efficiencies, this acquisition will contribute as an attractive platform for strong future growth in the sustainable recycling business with the potential to expand globally," Lohia continued.

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