Indorama Ventures Public Company Limited (IVL), through its indirect subsidiary Indorama Ventures Brazil Participações SA (IVBRZ), has signed a definitive agreement with M&G Fibras Holding SA, M&G Fibras Participações Ltd, and M&G Fibrase Resinas Ltd to acquire a 100 per cent stake in M&G Fibras Brasil Ltda located in Cabo de Santo Agostinho, Brazil. The site produces polyester staple fibre, with an annual capacity of 75,000 tonne and will be in close proximity to IVL’s PET plant in Brazil.