Indorama Ventures Partners with Suntory and Iwatani to Bring Commercial Recycled PET to ASEAN for the First Time

M&A · Partnership
โดย thunhoon.com·TH·Read original
Summary · why it matters

Indorama Ventures Public Company Limited has announced a strategic partnership with Suntory Holdings Limited, Suntory PepsiCo Beverage Thailand Company Limited, and Iwatani Corporation Thailand Company Limited to bring commercial recycled PET packaging to Thailand. The initiative will use direct flake-to-preform recycling technology, known as Flake-to-Preform, through Indovida Thailand Company Limited, a joint venture between Indorama Ventures and Iwatani Corporation. This marks the first commercial application of this technology in Southeast Asia, with expected production of recycled PET preforms equivalent to approximately 400 million PET bottles per year. Deliveries to Suntory PepsiCo Beverage Thailand will begin from 2028 onwards. The collaboration strengthens Indorama Ventures' downstream packaging business platform and reinforces the company's IVL 2.0 growth strategy.

Impact on stocks 1

Critical Materials & Supply Chain▲ · 1 stocks
Indorama Ventures PCL
IVL
▲ PositiveDemandrelevance

Partnership to supply recycled PET preforms to Suntory PepsiCo Thailand, securing demand for IVL's products.

Off-coverage companies 3

Indovida (Thailand) Co., Ltd.Private▲ Positive
Technologyrelevance

First commercial use of Flake-to-Preform technology in ASEAN, enhancing its operational scope.

Suntory PepsiCo Beverage (Thailand)Private▲ Positive
Supplyrelevance

Will receive recycled PET preforms from 2028, ensuring supply of sustainable packaging.

Iwatani Corporation (Thailand) Co., Ltd.Private▲ Positive
Capitalrelevance

JV partner in Indovida, benefiting from expanded production and market presence.

© 2026 MarketDXNews