Indorama Ventures and Dhunseri Ventures Limited (formerly Dhunseri Petrochem Limited) (Dhunseri), each own a 50% joint venture stake in IVL Dhunseri Petrochem Industries Private Limited (IDPIPL) in India. In December, 2017, Micro Polypet Private Limited (MPPL) has been merged with IDPIPL. Presently, IDPIPL is the second largest PET resin producers in India. It has two PET resin plants in Haldia (port town in West Bengal) with an effective capacity of 4,80,000 TPA and one PET resin plant in District Karnal in the State of Haryana with an effective capacity of 2,16,000 TPA. The joint venture gains advantages from substantial synergies with all the manufacturing sites effectively integrated with third-party PTA suppliers. Our global market reach and high utilization rates supplement Haldia’s location at East India’s largest port.