Indorama Netherlands BV has signed an agreement to acquire 74 percent share capital in Medco Plast for Packing and Packaging Systems SAE, Egypt (Medco) from Middle East Glass SAE.
Medco is the largest PET converter in Egypt with market share of approx. 25 percent with a production capacity of 70,000 Mts. per annum of PET preforms.
This transaction is expected to be completed within Q3, 2018.
Indorama Netherlands BV has signed an agreement to acquire 74 percent share capital in Medco Plast for Packing and Packaging Systems SAE, Egypt (Medco) from Middle East Glass SAE.
Medco is the largest PET converter in Egypt with market share of approx. 25 percent with a production capacity of 70,000 Mts. per annum of PET preforms.
This transaction is expected to be completed within Q3, 2018.
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