• Login
    • Join
  • FOLLOW:
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Research
    • Markets & Technologies
    • Raw Materials
    • Top Companies
    • Directories
    • Jobs
    • Events
    • Microsites
    • More
  • Magazine
  • News
  • Research
  • Markets & Technologies
  • Raw Materials
  • Top Companies
  • Directories
  • Jobs
  • Events
  • Microsites
  • Current / Back Issues
    Features
    Business Corner
    Editorial
    Digital Edition
    eNewsletter Archive
    Our Team
    Editorial Guidelines
    Subscribe Now
    Advertise Now
    World Reports
    eBook
    Top Features
    Biocides Market Outlook - 2027

    Lab & Testing Equipment Directory

    Aerospace Coatings

    Resins Update

    Coatings World Q&A: Eileen Weber of allnex
    Breaking News
    Online Exclusives
    Distributor News
    Financial News
    Paint & Coatings Manufacturer News
    People In the News
    Price Increases
    Product News
    Raw Materials & Equipment
    Video Bites
    Suppliers News
    Live From Shows
    Top News
    Excelitas Technologies Introduces Enhanced OmniCure LX500 LED Spot UV Curing Controller and LED Head

    Orion to Complete Gas Black Expansion in Germany by Early 2023

    PPG Hosts The Future of Coatings' Technology Innovation Day in Amsterdam

    Azelis Expands Presence in India with Acquisition of Chemo India and Unipharm Laboratories

    Teknos Publishes Sustainability Report
    Top Companies report
    Market Research
    White Papers / Tech Papers
    Technical Papers
    Product Spec Sheets
    World Reports
    Adhesives and Sealants
    Aerospace Coatings
    Architectural Coatings
    Automotive Coatings
    Automotive Refinish
    Business Operation
    Color Trends & Forecast
    Construction Chemicals
    Corrosion Control
    Industrial Coatings
    Laboratory Equipment
    Marine Coatings
    Market Trends & Forecast
    Powder Coatings
    Production Equipment
    Radcure Coatings
    Special Purpose Coatings
    Wood Coatings
    "Green" Coatings

    Excelitas Technologies Introduces Enhanced OmniCure LX500 LED Spot UV Curing Controller and LED Head

    PPG Showcases CORACAR SE 4000B Battery Fire Protection Coatings at Media Event at Europe HQ

    Teknos Publishes Sustainability Report

    BASF Expands Automotive Coatings Application Center in Mangalore, India

    BEHR Launches COPPER FORCE Interior Paint
    Additives
    Binders
    Pigments
    Solvents

    The Shepherd Color Company Announces New President and Commercial Segment Leaders

    Birla Carbon to Present Sustainable Carbon-based Solutions at PaintIndia 2022

    BTC Europe, NXTLEVVEL Biochem to Distribute Biobased & Biodegradable Solvents in Europe

    Nouryon Issues 2021 Sustainability Report

    BASF to Increase Prices for Select Polyalcohols in North and South America
    Company Capabilities
    Buyers Guide
    Distributor Guide
    Add New Company
    International Buyers Guide Companies
    Shepherd Color Company, The

    Active Minerals

    Siltech Corporation

    Clariant Additives

    W. R. Grace & Co.
    Industry Events
    Webinars
    Live From Show Event
    Top Events
    PAINTINDIA 2022 Exhibition

    Southern Society for Coatings Technology Annual Meeting and Technical Conference

    UTECH Middle East/Africa Foam & Polyurethane Expo

    Surfex

    Middle East Coatings Show 2022
    Companies
    White Papers/Tech Papers
    Product Spec Sheets
    Equipment
    Literature/Brochures
    Videos
    International Buyers Guide Companies
    Shepherd Color Company, The

    Active Minerals

    Siltech Corporation

    Clariant Additives

    W. R. Grace & Co.
    • Magazine
      • Current / Back Issues
      • Features
      • Editorial
      • Business Corner
      • Digital Edition
      • eNewsletter Archive
      • Editorial Guidelines
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Directories
      • Buyers Guide
      • Distributor Guide
      • Corporate Capabilities
      • Trade Associations
      • Add Your Company
    • Markets & Technologies
      • Adhesives and Sealants
      • Aerospace Coatings
      • Architectural Coatings
      • Automotive Coatings
      • Automotive Refinish
      • Business Operation
      • Color Trends & Forecast
      • Construction Chemicals
      • Corrosion Control
      • Industrial Coatings
      • Laboratory Equipment
      • Marine Coatings
      • Market Trends & Forecast
      • Powder Coatings
      • Production Equipment
      • Radcure Coatings
      • Special Purpose Coatings
      • Wood Coatings
      • "Green" Coatings
    • Raw Materials
      • Additives
      • Binders
      • Pigments
      • Solvents
    • World Reports
      • Africa Report
      • India/Asia Pacific Report
      • China Report
      • Europe Report
      • Latin America Report
      • Market Research
      • Russian Report
    • Top Companies
    • Online Exclusives
    • Slideshows
    • Experts Opinions
    • Blog
    • eBook
    • Infographics
    • Videos
    • Podcasts
    • Whitepapers
    • Jobs
    • Microsites
      • Companies
      • White Papers/Tech Papers
      • Product Spec Sheets
      • Equipment
      • Literature/Brochures
      • Videos
    • Events
      • Industry Events
      • Live From Show Event
      • Webinars
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    Breaking News

    Indorama Ventures to Buy Brazil-based Oxiteno

    The acquisition gives IVL a unique portfolio in high-value surfactants and significantly extends its existing Integrated Oxides and Derivatives (IOD) business.

    Indorama Ventures to Buy Brazil-based Oxiteno
    Related CONTENT
    • Miwon Specialty Chemicals Co. Ltd.
    • Revelli Chemicals Inc.
    • Metaflake Limited
    • Axalta Updates Financial Guidance
    • Nippon Paint Marine Registers Spike in Turkish Drydockings Amid Asia Capacity Concerns
    08.17.21
    Indorama Ventures Public Company Limited (IVL), a global chemicals producer, has agreed to acquire Brazil-based Oxiteno S.A. Indústria e Comércio, a subsidiary of Ultrapar Participações S.A. The acquisition gives IVL a unique portfolio in high-value surfactants and significantly extends its existing Integrated Oxides and Derivatives (IOD) business.

    Oxiteno is a leading integrated surfactants producer, catering to highly attractive end-use markets in LATAM. The acquisition brings an excellent management team, world-class expertise in green chemistry innovation, strong customer relationships in Brazil, Uruguay and Mexico, and substantial growth potential in attractive end markets, including the U.S. through a new facility in Pasadena, Texas. Oxiteno has a strong commitment to environmental governance, and its focus on lowering greenhouse gas emissions will also enhance IVL’s ESG credentials.

    Through the acquisition, IVL will assume a unique market position in technologies catering to niche, IP-rich and value-added applications in home & personal care, agrochemicals, coatings and oil & gas markets. The surfactants market has seen consistent growth over the last decade, driven by trends in population growth, urbanization and increasing hygiene awareness amid the Covid-19 pandemic.

    With 11 manufacturing plants, customers in 4 continents, and an experienced management team, Oxiteno will complement IOD’s footprint in the U.S and Latin America, while its 5 research and technology centers will add to IVL’s innovation credentials in green chemistry. The extended footprint has potential to drive expansion in Europe and Asia by leveraging on IVOX’s surfactants business in Australia and India and IVL’s global presence in 34 countries. IVL expects to realize synergies of US$100 million by 2025 through portfolio adjustments, asset optimization and operational excellence.

    IVL will purchase Oxiteno for US$1.3 billion (subject to adjustments at closing), with a deferred payment of $150 million in 2024. The transaction is subject to customary conditions to closing, including approval of relevant regulatory authorities.  The transaction is expected to close in Q1 2022 and will be earnings accretive immediately. Financing is secured through deferred payment, using existing extra cash on our balance sheet, free cash flow generated from existing businesses, short term loans against working capital and the balance as long-term debt.

    Oxiteno and Indorama Ventures both have family-business origins and share a similar mindset, which positions people as a key business differentiator and values innovation and investments in an increasingly diversified and efficient portfolio.
    Related Searches
    • Additives
    Related Knowledge Center
    • Additives
    Suggested For You
    Miwon Specialty Chemicals Co. Ltd. Miwon Specialty Chemicals Co. Ltd.
    Revelli Chemicals Inc. Revelli Chemicals Inc.
    Metaflake Limited Metaflake Limited
    Axalta Updates Financial Guidance Axalta Updates Financial Guidance
    Nippon Paint Marine Registers Spike in Turkish Drydockings Amid Asia Capacity Concerns Nippon Paint Marine Registers Spike in Turkish Drydockings Amid Asia Capacity Concerns
    Paint Specialist Flügger Maintains Momentum in Q1 2021-22 Paint Specialist Flügger Maintains Momentum in Q1 2021-22
    RPM to Hold Virtual-Only Annual Meeting of Shareholders RPM to Hold Virtual-Only Annual Meeting of Shareholders
    PPG Launches Virtual PPG Aerospace Academy Education Program PPG Launches Virtual PPG Aerospace Academy Education Program
    Lanco Paints & Coatings Expands in the Americas Lanco Paints & Coatings Expands in the Americas
    Mule-Hide Products Names Mark Malin Territory Manager Mule-Hide Products Names Mark Malin Territory Manager
    IGL Coatings IGL Coatings' Flagship Product Awarded GRAPHENE Verified Mark
    Global Advanced Bactericidal & Viricidal Coatings and Surfaces Markets 2021-2030 Global Advanced Bactericidal & Viricidal Coatings and Surfaces Markets 2021-2030
    Q-Lab Announces UVC Testing Capabilities at Accelerated Contract Test Services Facilities Q-Lab Announces UVC Testing Capabilities at Accelerated Contract Test Services Facilities
    European Anti-corrosion Coatings Market to Grow to $4.5 Billion by 2027: Graphical Research European Anti-corrosion Coatings Market to Grow to $4.5 Billion by 2027: Graphical Research
    Low Emissions Epoxy Technology for Moisture Vapor Barrier Flooring Application Low Emissions Epoxy Technology for Moisture Vapor Barrier Flooring Application

    Related Content

    • Miwon Specialty Chemicals Co. Ltd.

      ...
      Robert O'Toole, VP/Dir 10.29.21

    • Revelli Chemicals Inc.

      ...
      John Revelli, vp 10.28.21

    • Metaflake Limited

      ...
      Steven Kerr, Sales & Marketing Director 10.08.21


    • Breaking News | Financial News | Market Trends & Forecast
      Axalta Updates Financial Guidance

      Axalta Updates Financial Guidance

      Axalta updates financial guidance to reflect ongoing impacts of customer supply chain shortages and raw material and logistics constraints.
      09.22.21

    • Breaking News | Marine Coatings | Paint & Coatings Manufacturer News
      Nippon Paint Marine Registers Spike in Turkish Drydockings Amid Asia Capacity Concerns

      Nippon Paint Marine Registers Spike in Turkish Drydockings Amid Asia Capacity Concerns

      Nippon Paint Marine has registered a significant spike in Turkish drydockings as operators of small- to mid-size tonnage redirect vessels from Asia.
      09.22.21

      Trending
      • BEHR Launches COPPER FORCE Interior Paint
      • BEHR Launches COPPER FORCE Interior Paint | Coatings World
      • AkzoNobel and Partners Team Up to Hack Carbon Reduction Challenge
      • Sika Acquires United Gilsonite Laboratories
      • AkzoNobel And Partners Team Up To Hack Carbon Reduction Challenges | Coatings World
      Breaking News
      • Adsil Announces Addition of Operation Manager
      • BASF Creates Chemistry with HS Students Aspiring for Careers in STEM at Teens’ Lab
      • Paul N. Gardner USA Offers New PosiTector GLS Gloss Meter
      • Excelitas Technologies Introduces Enhanced OmniCure LX500 LED Spot UV Curing Controller and LED Head
      • Orion to Complete Gas Black Expansion in Germany by Early 2023
      View Breaking News >
      CURRENT ISSUE

      May 2022

      • Biocides Market Outlook - 2027
      • Lab & Testing Equipment Directory
      • Aerospace Coatings Market

      Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
      You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

      • About Us
      • Privacy Policy
      • Terms And Conditions
      • Contact Us

      follow us

      Subscribe
      Nutraceuticals World

      Latest Breaking News From Nutraceuticals World

      Thorne Relaunches Gut Health Test with Microbiome Wipe
      Alkemist Labs Announces Alkemist Assured Seal and Next Generation Transparency Reports
      GC Rieber Foundations Expand Philanthropic Efforts
      Coatings World

      Latest Breaking News From Coatings World

      PPG Hosts The Future of Coatings' Technology Innovation Day in Amsterdam
      Azelis Expands Presence in India with Acquisition of Chemo India and Unipharm Laboratories
      Teknos Publishes Sustainability Report
      Medical Product Outsourcing

      Latest Breaking News From Medical Product Outsourcing

      In Vitro Diagnostic Medical Devices Regulation Takes Effect
      Brian Case Appointed Chief Technology Officer at KORU Medical
      Solid Growth Expected for India's Medical Device Sector
      Contract Pharma

      Latest Breaking News From Contract Pharma

      CureVac, myNEO Partner on Antigen Targets for mRNA-Cancer Vax Development
      Mirum Pharmaceuticals Acquires San Diego-based Satiogen
      Catalyst Biosciences Sells Complement Portfolio to Vertex Pharmaceuticals
      Beauty Packaging

      Latest Breaking News From Beauty Packaging

      Estée Lauder Companies Faces Class Action Lawsuit
      La Roche-Posay Launches Matte Moisturizer for Oily Skin
      3 Amorepacific Employees Stole $2.3 Million
      Happi

      Latest Breaking News From Happi

      Vegan Beauty Brand Skin Proud Launches Skin Positivity Chatbot on Twitter
      Thayers Natural Remedies Celebrates 175 Years with Social Campaign
      Former Model Shirley Powell’s Indie Beauty Brand LaJeanell Comprises Gender Inclusive Skincare and Makeup
      Ink World

      Latest Breaking News From Ink World

      NAPIM’s Virtual Digital & Emerging Technologies Conference is Back, June 14–15, 2022
      CEMATEX Introduces Online Business Platform to Connect Global Textile Community
      PICO Chemical Celebrates 46 Years
      Label & Narrow Web

      Latest Breaking News From Label & Narrow Web

      Quad-C Management invests in Catapult Print and Packaging
      AWA to host 22nd Global Release Liner Industry Conference & Exhibition
      Domino assists Grace Label with supply chain disruptions
      Nonwovens Industry

      Latest Breaking News From Nonwovens Industry

      Rael Raises $35M in Series B Funding
      Schobertechnologies Offers Rotary Web-fed Converting Solutions
      Thorne Relaunches Gut Health Test with Microbiome Wipe
      Orthopedic Design & Technology

      Latest Breaking News From Orthopedic Design & Technology

      Emovi, Geneva Foundation Providing Knee Treatment Tech to U.S. Army
      Study Confirms Knee Shapes are Highly Individualized
      Stryker Launches EasyFuse Dynamic Compression for Foot & Ankle
      Printed Electronics Now

      Latest Breaking News From Printed Electronics Now

      ams OSRAM Introduces New Horticulture LEDs
      Avery Dennison Launches AD Twist U7XM Inlays
      ARPA-E Funding Drives Innovation, Industry Partnerships at NREL

      Copyright © 2022 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

      AD BLOCKER DETECTED

      Our website is made possible by displaying online advertisements to our visitors.
      Please consider supporting us by disabling your ad blocker.


      FREE SUBSCRIPTION Already a subscriber? Login