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Indorama Ventures to expand PET production in Europe

April 22/2011

(Plast Europe) -- Thai chemical giant Indorama Ventures (IVL) board decided on a 220 KTa Brownfield expansion of PET production in Europe. Indorama did not specify which of its five European sites would be affected, adding only that once on stream in 2013, the new line would raise IVLs overall PET capacity in Europe to 1.3m t/y. In response to a query by Plasteurope.com, a company spokesman clarified that this latest expansion is in addition to the plans touted at the end of last year.


Commenting on the plans, group CEO Aloke Lohia said: Our latest Brownfield expansion is going to be at a highly cost competitive capex as well as operate at the lowest operational cost by being able to leverage on existing infrastructure and close proximity to raw materials.


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