Novatex CEO Rizwan Diwan said: "Novatex views IFC as a key financial partner for Pakistani corporates in general and for Novatex in particular. IFC said it will assist the company in bringing its operations into line with IFC Performance Standards on environmental and social management. Founded in 1991, Novatex makes PET resin, rPET, PET preforms and biaxially oriented PET (BoPET) film. The company accounts for more than 65% of Pakistan's PET resin market and more than half of each of its other business segments. "Pakistani packaging company Novatex secures IFC funding" was originally created and published by Packaging Gateway, a GlobalData owned brand.