Egyptian Indian Polyester Company S.A.E. (“EIPET”)
Dhunseri Ventures Limited (“DVL”) (Formerly Dhunseri Petrochem Limited) has entered into a 50:50 Joint Venture with Indorama Ventures Public Company Ltd. (“IVL”), a world-class chemicals Company with a global integrated leader in PET and fibres, to restart its Egyptian Indian Polyester Company S.A.E. (“EIPET”) PET facility located in Ain Sokhna free trade zone, North West of the Gulf of Suez in Egypt with a manufacturing capacity of 540,000 tonnes per annum. The investment by IVL is through its affiliate in the Pet Resin business of EIPET which would bring synergies and would be beneficial to the EIPET.