PlasticsEdge™ Lead Generation Program: Call 978-342-9000 for details or email [email protected]

Bangkok, Thailand – Indorama Ventures Public Company Limited (IVL), a global chemical producer, has announced that it has entered into an agreement to acquire DuPont Teijin Films (DTF), a leading global producer of Biaxially-oriented Polyethylene Terephthalate (BOPET) and Polyethylene Naphthalate (PEN) films with the total film/polymer capacity of 277,00 tonnes per annum. The DTF acquisition includes 8 production assets in the US, Europe and China, with a global innovation center in the UK. The transaction is expected to be completed during late 2017 or early 2018, subject to the usual regulatory approvals.

DuPont Teijin Films (DTF), a joint venture between DuPont and Teijin Limited, is the world’s premier producer of BOPET and PEN polyester high value-added film with unique functionalities. The group specializes in film products for the specialty, industrial, packaging, automotive, advanced magnetic media, photo systems, electrical and electronics markets and many more products that are essential in modern life. DTF is recognized for their market leadership and product innovation, and is constantly inventing and developing new uses for their products.

Related Posts

Business booming for plastic giants as change beckons

PARIS (AFP) - It is the worst enemy of environmental campaigners, but people around the world use mountains of plastic every day and business is booming for manufacturers. Much to the chagrin of activists, an increasingly restrictive regulatory environment appears to...

Fire at Mexico PTA plant increases pressure on PET resin market

The struggling PET resin production markets in Europe and the Americas are likely to take another hit after a devastating fire at Alpek’s Altamira Mexico purified terephthalic (PTA) facility last weekend caused significant damage. Although the extent of the damage...

Cooper Standard to acquire Lauren Manufacturing & Plastics

Cooper-Standard Holdings Inc. has agreed to acquire two components from Lauren International — Lauren Manufacturing and Lauren Plastics. This acquisition will aid the Novi, MI-based supplier of systems and components for the automotive industry to expand in markets...

Georgia: Fire destroys large plastics plant in Carroll County

CARROLL COUNTY, Ga. - A fire ripped through a major plastics manufacturing plant, Superior Recreational, in Carroll County, collapsing the entire 80k-foot structure. Flames started at Superior Plastics in Carrollton around 8 p.m. Thursday night. Officials said the...

Erie, PA plastics industry could be helped by $6 billion Shell cracker

Although Erie County has lost nearly 5,000 manufacturing jobs over the past 10 years, the region’s plastics sector can be counted as an island of stability. After adjusting for an accounting change, employment in the plastics sector has held steady at 4,300 jobs. Now,...

23-Year-old Invents Method to Break Down Unrecyclable Plastic Film

Miranda Wang is one of the co-founders of BioCellection: a company that uses a chemical process to break down plastics and turn them into an essential ingredient for nylon, which otherwise uses petroleum. Wang’s method specifically targets polyethylene, a cheap kind...

Oklahoma based RL Hudson buys Colorado’s Rapid Production Tooling

BROKEN ARROW, Okla.—Custom injection molder RL Hudson & Co. L.L.C. has acquired Rapid Production Tooling Inc., an injection mold tooling company based in Berthoud, Colo. Financial terms of the deal were not disclosed. Rick Von Drehle, RL Hudson & Co. president and...

Texas: Complex bankruptcy leaves potential of plastics plant unmet

In 2011, an Italian plastics giant surprised the market with plans to build the one of the world’s largest PET plastics plants in Corpus Christi, an enormous undertaking that would shift global trade patterns and vastly expand the U.S. capacity to produce the...

Custom-Parts Marketplace Xometry acquires MakeTime, Raises $25 Million

Xometry Inc., an online marketplace for custom-manufactured parts, has acquired rival firm MakeTime Inc. and raised $25 million to fuel future expansion. The deal creates what Xometry says is the industry’s largest distributed on-demand manufacturing network, with...

Fox: Al Qaeda terror group launches war on plastic bags

When they're not trying to cause death and destruction, one terror group is setting out to save the environment. An Al Qaeda-affiliated terror group has decided to follow in the footsteps of cities such as Seattle, San Francisco and Boston and countries like Australia...