From the Sector

• Strengthening market position in Asia-Pacific

Indorama Ventures Public Company Limited (IVL), a global sustainable chemical company, announces that it is in the process of acquiring shares in Ngoc Nghia Industry – Service – Trading Joint Stock Company (NN).

NN is a leading PET converter in Vietnam with long-standing relationships with major brands. It has four manufacturing sites in both the North and South of Vietnam. It has a total production capacity of approximately 5.5 billion units of PET preforms, bottles and closures, or equivalent to a PET conversion of 76,000 tons per annum.

Operating with high quality standards, NN is a trusted provider of PET packaging products to major multinational and Vietnamese brands in the beverage and non-beverage industries. Its business operations are run by an experienced management team with strong industry knowledge as well as local market exposure and understanding. These competitive advantages are strategic fits for IVL and would complement the company’s long-term growth after integration. This proposed acquisition will strengthen IVL’s market position in the packaging business in high growth markets of the Asia-Pacific region.

Mr. D K Agarwal, CEO of Combined PET, IOD and Fibers Business at Indorama Ventures, said, “This investment opportunity is in line with IVL’s business strategy of expanding our footprint in rising economies like Vietnam. The country is positioned to be the ASEAN production hub for the Asia-Pacific region. Moreover, Vietnam’s PET packaging market is expected to grow continuously due to strong growth in consumption and improving living standards. The proposed acquisition would foster sustainable growth in our largest business segment, Combined PET, which has been growing constantly to serve increasing demands globally.”

The acquisition process is required to follow the Law on Securities, its guiding decrees and circulars as required by the State Securities Commission of Vietnam and regulations of the Hanoi Stock Exchange. Through its affiliate, Indorama Netherlands B.V., IVL would be required to do the tender offer of all of NN’s shares. The transaction is expected to be completed by the first half of 2022.

• This Spring Summer Season 2018 Graciela Huam's second knit collection takes us to the Gray Beach…

Northern Europe is known for its short summer, the cool wind during the morning and evening and its unpredictable climate. Those countries are not warm even during the summer season.

Therefore, many people often travel to the south: Spain, Italy, Portugal or Asia longing for sun, sand and sea. And there is Lima, a coastal city with a good climate and a characteristic grey sky throughout the year, where the sun is hidden among the dense clouds, but despite this detail, its strong presence is still felt. If we move to Lima, we lie on the sand and cast our gaze to the sky as it teleports us to the cold northern European sky with the difference that our presence is on that warm gray beach.

Graciela Huam takes its heritage and inspiration from The Netherlands and Peru, those are the countries that influence and guide her work. The designer combines the vibrant Peruvian culture with the Dutch avant-garde design and her favorite colours are powered by the landscapes of both.

The products are designed in the Netherlands and created in the Andes of Peru, using only the most exclusive Peruvian materials such as the luxurious Alpaca and the famous Pima Cotton. All garments are made by passionate and skilled Peruvian craftspeople. This results in beautiful and high quality garments and a contemporary, prêt-à-porter style, creating versatile collections of knitwear.

Graciela Huam follows the principles of responsible and sustainable production, using traditional methods in order to achieve quality that is superior to industrially made products.

The brand is committed to partnering with local entrepreneur artisans and is working in association with a group certified with the principles of fair trade. Knitwear will always be a good investment and just like a work of art can create a truly iconic end result.

The choice of fabrics and production of Graciela Huam's knitted garments combined with this unique technique will reveal to you the high dedication and passion the designer feels for her work.