Indorama Ventures' indirect subsidiary, Indorama Ventures Polímeros S.A. (IVPSA), approved the divestment of its Brazilian indirect subsidiary, Indorama Ventures Fibras Brasil Ltda. (IVFB), to Oben Polímeros Ltda. and Oben Global, S.L. The transaction, valued at $18.45 million, involved the sale of 100% of IVFB's shares and was completed on April 30, 2026.

This divestment aligns with Indorama Ventures' strategy to restructure assets and enhance operational efficiency, allowing the company to serve customers from more competitive production bases. The transaction is not expected to significantly impact the company's operations or financial position.