Thailand-based chemical producer Indorama Ventures (IVL) has signed an agreement to buy French recycler Sorepla Industrie.

The acquisition includes a facility that comprises three production lines for recycled polyethylene terephthalate (rPET), recycled high-density polyethylene (rHDPE) and food-grade pellets, with a combined capacity of 52,000t per year.

Sorepla offers recycled PET material for customers in the packaging and fibre industries.

Established in 1991, the business employs a total of 58 employees.

“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.”

The transaction will allow IVL to bolster its position in recycling in Europe and offers new opportunities to meet the growing demand for food-grade rPET.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The company intends to capitalise on demand from brand owners for more sustainable packaging solutions, with demand for food-grade rPET in Western Europe projected to grow at a CAGR of 7% between 2018 and 2021.

Indorama Ventures Group CEO Aloke Lohia said: “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. Indorama Ventures is playing its part and investing in recycling solutions globally.

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

IVL expects the transaction to offer enhanced supply chain synergies for its recycled fibre business due to the proximity of Sorepla.

With a portfolio comprising necessities and high value-added (HVA) categories of polymers, fibres, and packaging, the company operates through manufacturing plants across Africa, Asia, Europe and North America.