Dhunseri Petrochem Ltd associates with Indorama Ventures for manufacturing and selling PET resins for Indian domestic markets and for exports in which Dhunseri Petrochem Ltd will hive off its Haldia Plant to a new joint venture.

C K Dhanuka, Chairman of Dhunseri has said that “Under the scheme of arrangement with Thailand’s Indorama Ventures Public Company Limited (IVL) it will acquire 50 percent in Dhunseri Pet Global at Rs 418 crore. Rest 50 percent continued to be held by Dhunseri Petrochem.”

Dhunseri Petrochem, after the transaction, will be holding 50 percent in new JV company Dhunseri Pet Global and 50 percent in IVL’s Haryana plant.

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