Indorama VenturesRegulatory · 2026-01-21 00:00

Indorama Ventures' indirect subsidiary, Indorama Netherlands B.V., divested its 85% stake in Czech recycling subsidiary UCY Polymers CZ s.r.o. to UCY Global Invest GmbH.

Indorama Ventures' indirect subsidiary, Indorama Netherlands B.V., sold its 85% stake in UCY Polymers CZ s.r.o., a Czech recycling subsidiary, to UCY Global Invest GmbH, an entity linked to a minority shareholder. The divestment, which involved no consideration, was completed on January 20, 2026.

This strategic move aligns with Indorama Ventures' IVL 2.0 strategy to optimize its portfolio by divesting underperforming assets that no longer meet business assumptions due to regulatory changes and raw material sourcing issues.

Fast Facts

·Seller: Indorama Netherlands B.V. (indirect subsidiary of Indorama Ventures)
·Buyer: UCY Global Invest GmbH (linked to Maximilian Josef Söllner)
·Asset sold: 85% stake in UCY Polymers CZ s.r.o.
·Location of UCY: Czech Republic
·Date of sale completion: January 20, 2026
·Reason for sale: Changes in German regulations and raw material sourcing issues affecting UCY's operations and product quality.
·Consideration: No consideration received by Indorama Ventures.
·Strategic alignment: Part of IVL 2.0 strategy for portfolio optimization.

Chemicals

ESG & Finance

Other

People Mentioned

Maximilian Josef Söllner

Co-investor and minority shareholder at UCY Global Invest GmbH

Sowick Roy Chowdhury

Company Secretary at Indorama Ventures Public Company Limited

Source

Indorama Ventures' indirect subsidiary, Indorama Netherlands B.V., divested its 85% stake in Czech recycling subsidiary UCY Polymers CZ s.r.o. to UCY Global Invest GmbH.