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2022-03-29 00:00:00
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Bangkok-headquartered Indorama Ventures Public Company Limited, the world’s largest producer of recycled PET for beverage bottles, has acquired an 85% equity stake in Czech Republic-based PET plastic recycler, UCY Polymers CZ s.r.o., the company announced today. The deal will provide a considerable boost to the country and Europe’s plastic collection and recycling ambitions. The newly established joint venture is expected to generate more than $200 million annually once it reaches full production capacity at its site near Prague with capacity of up to 600,000 metric tons per year by 2020.
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