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PET supplier Indorama, based in Thailand, has made another acquisition as it continues to expand its footprint beyond Asia. In late 2010 it acquired Invista's polyethylene terephthalate (PET) assets in North America, Eastman's in Europe in 2007, and also spent the past few years establishing itself in Eastern Europe.

Matt Defosse

September 21, 2011

3 Min Read
Indorama makes another PET move, buys Wellman’s European recycling ops

, and also spent the past few years establishing itself in Eastern Europe. Now, the company has announced its agreement to acquire Wellman International's recycling business in Europe from holding company Aurelius. Indorama hopes the purchase can move it a step closer to becoming a 'zero waste' company.

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