High-End Furniture Company Serena & Lily To Create 75 Jobs At New Distribution Facility In Rincon, GA

ATLANTA, GA — February 24, 2022 — During his remarks today at the Savannah State of the Port, Governor Brian P. Kemp announced that Serena & Lily, a high-end furniture company, will create 75 jobs as it locates its first East Coast operation in a 1.2-million-square-foot distribution facility in Effingham County.

“Our unmatched logistics infrastructure through air, land, and sea is an asset to any company that chooses to locate here,” said Governor Brian Kemp. “We are home to the nation’s fastest-growing port, and Georgia has established itself as the logistics hub of the Southeast. We are excited Serena & Lily chose Georgia to grow their business, and we look forward to helping them reach markets all over the world.”

Based in Sausalito, Calif., Serena & Lily chose Effingham County for a new $55 million distribution facility located at Georgia International Trade Center on Highway 21 in Rincon. Hiring will begin in February 2022 with additional warehouse associate positions filled by March 2022. Individuals interested in job opportunities at the facility should visit www.serenaandlily.com/careers/careers.html.

“After comprehensive exploration, we believe Effingham County will be an ideal location for Serena & Lily’s first East Coast distribution center, and look forward to partnering with local, county and state authorities to foster the growth of our brand,” said Sean Connelly, Chief Operating Officer of Serena & Lily. “With its proximity to the Port of Savannah and our East Coast customers, this facility will play an integral role in supporting our infrastructure network to shorten lead times and ultimately enhance our customer experience.”

“We are thrilled to have a reputable company like Serena & Lily locate in our community,” said Troy Smith, Chairman of the Effingham County Industrial Development Authority. “We owe a special thanks to our development partners at Chesterfield and Stonemont for helping attract world-class companies to Effingham County.”

“We’re excited to welcome Serena & Lily to the logistics community, and as a customer of Georgia Ports,” said Griff Lynch, Executive Director of the Georgia Ports Authority. “The Port of Savannah’s broad carrier network and landside connectivity will provide the furniture and décor company efficient access to global suppliers and domestic markets.”

The Georgia Department of Economic Development (GDEcD) was represented by Global Commerce Assistant Director Alyce Thornhill in partnership with the Effingham County Development Authority, Georgia Ports Authority, and Georgia Power.

“When we speak to companies all over the world, the connectivity and service provided by our world-class Georgia ports continues to be a determining factor in their decision,” said Georgia Department of Economic Development Commissioner Pat Wilson. “I am confident that Serena & Lily will find success here as they establish their East Coast operations in Rincon.”

Posted: February 25, 2022

Source: Georgia Office of the Governor

Felix Schoeller Group: Announces Two Personnel Changes To Its Board Of Executives

OSNABRÜCK, Germany— February 25, 2022 — The Felix Schoeller Group announced two personnel changes to its Board of Executives (BoE).

Stephan Igel (CSO EMEA) is leaving the company for personal reasons and at his own request. His successor will not be decided for the time being. Another change took place on January 1, 2022. In his function as Vice CEO APA Yong Li Gao was appointed to the BoE of the globally operating speciality paper manufacturer. He succeeds Peter Cornelißen, who retired at the turn of the year.

Stephan Igel leaves the company

Stephan Igel, chief sales officer Europe Middle East Africa (CSO EMEA) of the Felix Schoeller Group, has left the company for personal reasons and at his own request with immediate effect. Stephan Igel has held several positions within the Group since 1992. Most recently, he has been responsible for the Group’s overall EMEA sales and purchasing as a BoE member since 2020.

“As a member of the management board, Stephan Igel played a significant role in the successful internationalization of the Group and the strategic expansion of our decor business. We thank him extraordinarily for his performance. We regret his leaving and wish him all the best for his personal and professional future,” said Hans-Christoph Gallenkamp, CEO of the Felix Schoeller Group. Stephan Igel’s responsibilities will be reassigned within the management team for the time being.

Peter Cornelißen retired; Yong Li Gao newly appointed to the BoE.

The Felix Schoeller Group has appointed Yong Li Gao as a new member of the BoE starting January 1, 2022. In his role as vice chief executive officer APA (Vice CEO APA), Yong Li Gao has regional responsibility for the company in the Asia Pacific region and specifically China.  Li Gao succeeds Peter Cornelißen on the BoE.

Peter Cornelißen has worked for the global specialty paper manufacturer since 2002. From 2002 to 2017, he was CFO and managing director of the Felix Schoeller Group. In 2018, Peter Cornelißen went to China on behalf of the company to play a key role in setting up the joint venture Winbon Schoeller New Materials Co., Ltd as a member of the Board of Directors (BoD) and in the role of BoD Advisor. After leaving the Felix Schoeller Group’s BoD, Peter Cornelißen will continue to advise and support the further development of the Winbon Schoeller New Materials joint venture until further notice.

53-year-old Yong Li Gao joined the Felix Schoeller Group on September 1, 2020. He initially served as Deputy Vice CEO APA before taking over as Chief Representative in charge of the sales office in Shanghai on 1st January 2021. On 1st April 2021, Yong Li Gao was assigned the role of Vice CEO APA. He was appointed to the BOE of the Felix Scholler Group on 1st January 2022.

“We are very pleased to welcome Yong Li Gao as a new member of the Felix Schoeller Group BoE,” says Hans-Christoph Gallenkamp. “Yong Li Gao has many years of operational and strategic experience in the international industrial environment. His expertise will make a lasting contribution to the expansion of our business activities in Asia and especially in China.”

The Felix Schoeller Group’s BoE now consists of Hans-Christoph Gallenkamp (CEO/CSO), Georg Haggenmüller (COO), Matthias Breimhorst (CFO), Michael Szidat (CEO NA) and Yong Li Gao (CEO APA).

Posted: February 25, 2022

Source: Felix Schoeller Holding GmbH & Co. KG

Culp Inc. Conducts Company-Wide Global Giving Initiative

HIGH POINT, N.C. — February 25, 2022 — In conjunction with Valentine’s Day celebrations, High Point-based textile company, Culp Inc. together with its consolidated subsidiaries, CULP, decided to “Share the Love,” not only with its local High Point community, but also with communities of the company’s facilities around the world. February 1-14, CULP conducted the company’s first-ever global giving initiative, aptly named, “Share the Love.”

The original concept for the giving initiative was to conduct an employee food drive for a local food pantry in High Point, but the idea quickly grew from there. “Originally, we were considering a food drive with the associates at our Cut and Sew facility and our corporate headquarters, both located in High Point,” said Teresa Huffman, senior vice-president of human resources at Culp Inc. “We made a connection last fall with Rockingham Family Charities, and after realizing their food pantry shelves were almost depleted, we knew we could help. So, we decided we would also conduct a food drive at our Stokesdale facility at the same time. Excitement for the idea led to a global initiative to include all of CULP’s worldwide facilities in the Share the Love campaign.”

In preparation for the event, CULP’s facilities in North Carolina, Tennessee, Canada, Haiti, and China sprang into action and identified local organizations they wanted to support. “For our international facilities to participate, we had to consider the cultural norms for each country. We wanted each location to participate in a way that was significant for them,” Huffman explained.

CULP’s U.S. and Canadian locations all donated food to local food banks. Associates from CULP’s China facilities contributed to help cancer patients, and CULP’s associates in Haiti made blankets in house with CULP fabric, and then donated them to a local orphanage and the local police department.

“We always want to support the communities in which we operate,” said Culp Inc. President and CEO Iv Culp. “We are thrilled with the success of our first company-wide giving campaign, and I am extremely proud of our associates around the world for contributing in such a meaningful way.  We look forward to ongoing opportunities to help people in need with this type of global giving initiative.”

Posted: February 25, 2022

Source: Culp Inc.

Gunze Launches TENALEAF™ Absorbable Adhesion Barrier In Japan

OSAKA, Japan — February 23, 2022 — Gunze Ltd. is pleased to announce that it has obtained medical device approval to manufacture and sell TENALEAF™, the first sheet-type absorbable adhesion barrier made in Japan. The company is planning to launch the product in March 2022 through its subsidiary Gunze Medical Japan in the Japanese market.

As the average life expectancy increases, the possibility of undergoing multiple surgeries in one’s lifetime also rises. The use of an absorbable adhesion barrier is expanding to reduce postoperative organ adhesions, which can lead to difficult second and subsequent surgeries. Also, in order to improve the patient’s clinical outcome, laparoscopic surgery has recently been growing.

Gunze developed its absorbable adhesion barrier by applying proprietary absorbable material technology with the goal of providing an innovative solution in this area. This device provides surgeons with a new option during open surgery and minimally invasive surgery, which can enable easy manipulation, provide moderate adhesive strength for repositioning and conformable placement. The company strives to expand its recognition by informing the new product features and benefits to surgeons and their patients.

What are “postoperative organ adhesions”?

They typically occur after surgical intervention, where organs and/or tissue adhere to each other during the tissue remodeling process. It occurs frequently regardless of the surgical procedure, and may cause postoperative complications such as intestinal obstruction and infertility, which may require removal of adhesions in the second or subsequent surgery.

Posted: February 24, 2022

Source: Gunze Ltd.

Neenah Invests In Meltblown Capacity To Meet Increased Demand

ALPHARETTA, Ga. — February 24, 2022 — Neenah Inc. — a global manufacturer of specialty materials focused on filtration media, specialty coatings, engineered materials, and imaging & packaging — announced a 25 million euro investment in new meltblown capacity in its Germany-based filtration facility.

Neenah is committed to accelerating growth in life science and industrial filtration markets. Its portfolio of meltblown products promotes higher filtration efficacy and lower energy usage, which customers value. Neenah’s electrostatically charged NeenahPure® media solutions support HVAC, air pollution control, and air purification systems, delivering market leading efficiencies of more than 99.9 percent.

“Clean air and water are critical to our communities and environment. Meltblown technology effectively removes harmful particles from the air we breathe and the water we drink. This new meltblown line intensifies our innovation efforts and allows us to continue to grow with our customers,” said President and CEO Julie Schertell.

While this investment provides an opportunity for new growth, it also supports the needs of our existing customers. The new meltblown line is expected to be online in mid-2024.

Posted: February 24, 2022

Source: Neenah Inc.

Chargeurs Protective Films Appoints John Turner As Managing Director Of Americas

DAYTON, Ohio — February 23, 2022 — Chargeurs Protective Films (CPF) today announced the appointment of John Turner as managing director of the Americas and a member of the executive committee. An expert in building high-performing teams, Turner will lead all business functions within North and South America in support of Chargeurs’ global growth strategy and will report directly to Etienne Petit, CEO of Chargeurs Protective Films.

“I’m happy to welcome John to our Chargeurs Protective Films Executive Committee as the new head of our Americas business,” Petit said. “His professional experience along with his strong performance management and leadership skills will help drive growth for the business. All the best to John in this exciting new role.”

Turner joined the Chargeurs Protective Films division of Chargeurs Group in 2018 as the commercial director for Novacel Performance Coatings Inc. (NPC) After just a year, he was promoted to general manager. Under his leadership, Turner reshaped the commercial strategy for NPC while launching a disciplined innovation process for new product development that has fueled double-digit growth since his appointment.

Prior to joining CPF, John spent nearly a decade at Avery Dennison where he held various leadership roles in operations and supply chain management. Most recently, he managed Avery Dennison’s global supply chain for heat transfer label and paper product lines with a total revenue responsibility of more than $600 million.

Turner holds a BS in Business Administration with a concentration in Supply Chain Management and International Business from the Haslam College of Business at the University of Tennessee.

“Chargeurs Protective Films continues to lead the temporary surface protection market through sustainable product innovation that consistently delivers high performance products for our customers,” said Turner. “As the new Managing Director for the Americas, I look forward to working with our exceptional team to execute our growth strategy over the coming years while delivering great value to our customers and shareholders.”

Posted: February 24, 2022

Source: Chargeurs Protective Films (CPF)

Deputy U.S. Trade Representative Sarah Bianchi Visits Shawmut Corporation; Participates In New England Textile Industry Roundtable 

WASHINGTON — February 24, 2022 — Shawmut Corp. hosted Deputy United States Trade Representative Sarah Bianchi today at the company’s headquarters and state-of-the-art manufacturing facility in West Bridgewater, Mass., as part of the ambassador’s inaugural visit to textile manufacturing facilities in the New England area.

Ambassador Bianchi’s visit comes at a pivotal time for the U.S. textile supply chain, which produced $64 billion in output in 2020 and employed nearly 530,000 workers. Shawmut Corporation is part of the broader U.S. textile industry that has been at the forefront of a domestic production chain that has collectively manufactured over one billion personal protective equipment (PPE) items during the COVID-19 pandemic.

The ambassador’s visit to Shawmut included a tour of the company’s manufacturing facility and a roundtable discussion highlighting the critical need for policies supporting a domestic supply chain and the innovative nature of the modern textile industry and its important contribution to the U.S. economy. Shawmut, a fourth-generation, family-run global advanced materials and textile manufacturer, is a global leader in automotive textile composites, innovative technical fabrics and custom laminating services, employing more than 700 employees worldwide with 10 global manufacturing plants and seven commercial offices. The company has also contributed greatly to U.S. PPE efforts, investing $20 million in a new state-of-the-art facility, which can produce up to 180 million NIOSH-approved N95 respirators and other PPE annually and created hundreds of new local jobs.

“We are honored to have Ambassador Bianchi at our West Bridgewater facility on her first domestic industry trade visit,” said Shawmut CEO James Wyner. “The opportunity to discuss with the USTR office the impact of our nation’s global trade policies on the valuable and passionate work our U.S. manufacturing teams provide to their local communities, U.S.-based trade partners and the nation is critical to supporting a robust U.S. supply chain. We are thankful for Ambassador Bianchi’s commitment to understanding the challenges we face on a global scale by her visit and dialogue here today.”

Ambassador Bianchi said, “Today’s tour of Shawmut’s manufacturing facilities and the roundtable discussion with textile industry executives was an invaluable opportunity for me to see innovative U.S. textile manufacturing first-hand, to learn more about the challenges that U.S. textile manufacturing faces, and to explore ways in which the Administration and industry can cooperate to support a worker-centric trade policy.”

During the visit, U.S. textile executives spanning the fiber, yarn, fabric, and finished product textile and apparel industries participated in a roundtable with the ambassador at which they discussed the innovative achievements and competitiveness of the domestic industry and outlined priority issues in Washington, such as the importance of Buy American and Berry Amendment government procurement policies, maintaining strong rules of origins in free trade agreements and the need to address larger systemic trade issues with China.

National Council of Textile Organizations (NCTO) President and CEO Kim Glas said: “We deeply appreciate Ambassador Bianchi’s inaugural visit to New England to meet with U.S. textile executives and engage in substantive discussions centered around policy opportunities that help bolster U.S. manufacturing and the challenges confronting our industry. The U.S. textile industry is an extremely diverse, technically advanced and highly innovative industry that provides much-needed jobs in rural areas across the country. Sound trade policies and enforcement are essential to this manufacturing sector and its workforce.”

Glas continued: “We are grateful to Ambassador Bianchi and the entire U.S. Trade Representative’s (USTR) office, led by Ambassador Katherine Tai, for reaffirming its support of CAFTA-DR rules and acknowledging the importance of the co-production chain with our Western Hemisphere trade partners. We look forward to working closely with Ambassador Bianchi and the USTR office to advance policies that bolster domestic production by expanding buy American policies and providing incentives for onshoring and nearshoring production, while addressing illegal trade practices that undermine our industry’s competitiveness head on.”

Posted: February 24, 2022

Source: National Council of Textile Organizations (NCTO)

International Wholesaler Of Decorative Fabrics, Pindler, Celebrates 75 Years Of Excellence In Fabric Design And Development

MOORPARK, Calif. — February 23, 2022 — Pindler, an international wholesaler of decorative fabrics, is celebrating its 75th anniversary this year. The company will be honoring this milestone throughout 2022 as it commemorates its history and looks ahead to many more years of innovation and growth in fabric design and development.

Pindler began as a one-man operation run by Matthew M. Pindler. It has grown tremendously since Matthew and his son, Carl Pindler, joined forces to launch the company’s first showroom in Los Angeles in 1947. Now, the third-generation family-owned business is led by chairman and CEO, Curt Pindler. Curt played many roles in the company before taking the reins in 1975 and leading product development, where he is very active today.

“Pindler has grown and evolved in so many wonderful ways over the past 75 years,” Curt Pindler said. “Through it all, we have always served as a trusted resource that designers can count on for beautiful fabrics and exceptional customer service.”

Today, Pindler offers thousands of unique fabrics and trims, providing designers with indoor and outdoor options in every color, texture and pattern imaginable. Most of the company’s collections are exclusive, including popular, high-end collections such as Hearst Castle, Pendleton and Platinum.

Throughout its history, Pindler has been known for its above-and-beyond customer service. The company delivers personalized solutions, hand-picks samples tailored to designers’ projects, and provides a convenient and powerful online ordering option. Showrooms offer an efficient self-service memo program and hands-on support. Pindler’s responsive field sales force, expert showroom teams and knowledgeable order desk make it easy for designers to get the fabrics they need when they need them.

Pindler attributes much of its success to its loyal customers and dedicated staff, many of whom have been with the company for 20 to 30-plus years.

“It has been amazing to be part of the recent evolution of a company with such a rich history, long-tenured employees and excellent customers,” Pindler President Sean Quinn said. “As our industry continues to change, we continue to focus on our customers’ needs, now more than ever. Our primary goals, bringing beautiful fabrics from around the world to designers and creating the best customer experiences, have not changed. We are looking forward to continuing to innovate and provide even more exciting options for designers for decades to come.”

As Pindler celebrates 75 years of history, it is excited about the future and continued growth. The leading fabric company has many amazing fabrics in the pipeline, including beautiful new exclusive collections. Pindler’s robust offering will continue to expand and is available at the company’s 16 corporate showrooms and 10 agent showrooms around the country, as well as from its field sales team and online.

Posted: February 24, 2022

Source: Pindler

SINTX Announces Milestones In The Development And Testing Of Antipathogenic Fabrics

SALT LAKE CITY — February 23, 2022 — SINTX Technologies Inc., an original equipment manufacturer (OEM) of advanced ceramics, announced new results on the development of manufacturing technologies to produce fabrics impregnated with SINTX silicon nitride, and the antipathogenic testing of these fabrics.

SINTX has previously announced a collaboration to develop large-scale fabric impregnation technology with a private company based in Europe. The antibacterial properties of silicon nitride embedded fabric produced from this “dry” process were recently tested at an accredited independent commercial laboratory. The lab used ASTM and AATCC protocols and found that this silicon nitride embedded fabric inactivated Staphylococcus Aureus in both protocols.

Development of a manufacturing process has also continued via the utilization of the new“pre-pilot line” equipment and “wet” impregnation process at SINTX’s internal research and development laboratory. The most recent silicon nitride embedded fabric made from this process was tested against SARS-CoV-2 and was found to inactivate the virus with greater efficiency than fabric produced and tested previously. Since the testing occurred at a different high profile academic institution, these results also mark the first independent validation of the antiviral fabric properties observed at the University of Rochester. SINTX’s investments in new equipment and process development are yielding improved results.

SINTX considers these antipathogenic test results significant — two different silicon nitride impregnation processes were tested at two different independent laboratories using standard protocols. These are compelling milestones in the company’s progress in developing antipathogenic fabrics that can be leveraged across different applications such as medical gowns, consumer facemasks, and more.

Posted: February 24, 2022

Source: SINTX Technologies, Inc.

Carbios To Build In France Its First-Of-A-Kind Manufacturing Plant For Fully Bio-Recycled PET In Partnership With Indorama Ventures

CLERMONT-FERRAND, France — February 23, 2022 — Carbios and Indorama Ventures jointly announced a collaboration to build a manufacturing plant operating Carbios’ PET bio-recycling technology at Indorama Ventures’ PET production site in France (Longlaville, Meurthe-et-Moselle). The plan is for reference plant to be operational in 20251 with a processing capacity of 50,000 tons of PET2 waste per year and creating 150 direct and indirect jobs. Indorama ventures plans to co-invest in this project3 and will consider expanding Carbios’ unique biological recycling process at other PET sites4 for future developments. This strategic project is strongly supported by the French Government and the Grand-Est Region5 with significant non-dilutive financing.

Bruno Le Maire, French Minister of the Economy, Finance and the Recovery, said: “We are very pleased that Carbios and Indorama Ventures have chosen France to build their first 100-percent bio-recycled PET manufacturing plant. From cutting-edge science, Carbios has developed a disruptive technology and process that enables efficient transformation of plastic waste into novel valuable products. This breakthrough project showcases the government’s ambition within France 2030: getting ready for the challenges of the next decade. Combining biotechnology and a renewed industrial ambition will be key to achieve a more circular economy.”

Agnès Pannier-Runacher, Minister Delegate for Industry, noted: “The announcement by Carbios of a flagship project of enzymatic plastic recycling demonstrates our ability to foster the emergence of innovative industry leaders with cutting edge technologies for the energy transition. It is a success for industrial startups in France as well as a key milestone in the France 2030 strategy, making our industry ready to meet the needs of the Transition.”

Jean Rottner, President of Grand-Est Region, said: “Contributing to a cleaner planet while creating new jobs and economic value is our core mission. Hence, we are very pleased to welcome Carbios in Grand-Est Region and very proud to greet Longlaville site selection for their world-first 100-percent bio-recycled PET plant, in partnership with Indorama Ventures, already present and very active in our Region. Carbios reference plant is fully integrated within Grand-Est Region ambition to become a leading territory for PET circular economy. This project represents a first significant milestone in building our complete ecosystem.”

After having successfully started-up its demonstration plant in Clermont-Ferrand, Carbios is now moving one step further towards the industrialization and commercialization by partnering with Indorama Ventures. The goal is to build and operate in France the world’s first industrial-scale enzymatic PET bio-recycling plant, with a processing capacity estimated at ca. 50,000 tons of post-consumer PET waste per year, equivalent to 2 billion PET bottles or 2.5 billion PET trays.

“With this first medium-sized plant, we want to become the world reference for the Circular Economy of plastics and textiles. By engaging in such a partnership with Indorama Ventures, we confirm our commitment to pursue our initial industrial development in France. This plant will pave the way towards international commercial and industrial deployment. We are grateful to our shareholders, partners, the French Government, and Grand-Est Region for sharing Carbios’ ambitions and vision towards a profitable Circular Economy,” commented Emmanuel Ladent, CEO of Carbios.

After the positive results of Indorama Ventures’ initial analysis on the technical soundness of Carbios’ technology over the past several months, both parties agreed to complete a due diligence process. A feasibility study will be conducted for the industrialization of Carbios’ technology on Indorama Ventures’ French production site. Subject to the successful completion of these technical and economical evaluations, Indorama Ventures would co-invest in the project.

“We are pleased to implement Carbios’ innovative and transformative technology at our Longlaville site. Bio-recycled PET addresses customers’ growing demand to contribute to a cleaner planet through high-quality plastics while decreasing the use of hydrocarbons.” adds D K Agarwal, CEO of Indorama Ventures.

The capital investment required for the project is expected to be around 150 million euros for Carbios core technology, including in particular an additional purification step, which has been integrated into the process. In addition, an estimated 50 million euro investment will be allocated for the infrastructure preparation of the site. The project is expected to create approximatively 150 direct and indirect full-time jobs. In the coming months, Carbios expects to finalize a strong non-dilutive financial support from French Government and from the Grand-Est Region5, based on the offer received last week by Carbios, from the Minister of Industry, Agnès Pannier-Runacher and the President of Grand-Est Region, Jean Rottner.

This financial support will be conditional on the notification to the European Commission and on contractualization by French authorities. Carbios announced in its half-year results on September 30, 2021, a cash position of 112 million euros. Since then, Carbios has also secured a 30 million euro loan from EIB6

This collaboration reflects both parties’ ambition to address the growing concern of plastics pollution through the development of Carbios’ enzymatic bio-recycling process. This disruptive technology could accelerate the transition to a plastics Circular Economy.

With its world-first enzyme-based biological process, Carbios’ technology, named C-ZYME™, converts PET (the dominant polymer in bottles, trays and textiles made of polyester) into its core monomers, which can then be used to manufacture 100-percent recycled and infinitely recyclable PET. This first-of-a-kind manufacturing plant combines Carbios’ science and technology with Indorama Ventures’ world-class manufacturing capabilities. This collaboration will meet the growing needs of both demanding consumers and large consumer goods companies including Carbios’ partners and shareholders (L’Oréal, Michelin, L’Occitane, Nestlé Waters, PepsiCo, Suntory Beverage & Food Europe) for more sustainable packaging.

1Estimated date, depending on the grant of the authorizations to build and operate and on the terms and conditions remaining to be defined for this collaboration between both parties.

2 Polyethylene terephthalate (PET) is the most abundantly used synthetic polyester in circulation today, with an estimated global production of 82 million metric tons per year (IHS Markit in 2020).

3 Subject to the completion of technical and economical due diligence in the coming few months.

4 Indorama Ventures operates 19 PET production plants on four continents in 11 countries (PET | Indorama Ventures).

5 Conditioned to aid notification to the European Commission and in-additional assessments by French authorities.

6 Cf. Press release dated December 20th, 2021.

Posted: February 24, 2022

Source: Carbios / Indorama Ventures Public Company Limited

 

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