SET-listed Indorama Ventures Plc (IVL), a major international producer of intermediate petrochemicals, has acquired an ethylene cracker in Louisiana though its US subsidiary Indorama Ventures Olefins LLC.
IVL is also in talks to acquire more foreign assets over the next six months, as weaker oil prices have made prices of upstream petrochemical assets more attractive and allowed a better profit margin, chief executive Aloke Lohia said.