Lithuania: Polyethylene terephthalate (PET) producers receive merger clearance
On 26 August 2020 Konkurencijos taryba received merger notification. Having evaluated the circumstances related to the transaction, the authority acknowledged that the intended merger would not create or strengthen the dominant position, or significantly restrict competition in the relevant markets.
Undertakings related to the holding company Indorama Netherlands B. V. produce and supply virgin polyethylene terephthalate (PET) chips, polyester filament yarns, polyester staple fibre and other textile yarns and materials made of nylon, polyester, viscose, aramid and hybrids (i.e. nylon and aramid), also supply recycled PET chips.
Industrie Maurizio Peruzzo POLOWAT supplies recycled PET flakes and chips to buyers in Lithuania. ■