London +4420 814 42225
Moscow +7495 543 9194
Kiev +38044 599 2950
info@mrcplast.com

Our Clients

Order Informer

 
Home > News >
 

Indorama to build PTA-PET plant in India

January 30/2012

(ivl) --  Indorama Company (IVL), Thailand"s largest polyester producer, announced its plan  to construct a world-class, state-of-the-art and integrated facility in India containing PTA (Purified Terephthalic Acid), PET (Polyethylene Terephthalate) and PSF (Polyester Staple Fiber) plants fully-integrated with a third party Paraxylene producer. A Memorandum of Understanding was signed with Indorama Synthetics (India) Limited to enter into a joint venture that would construct and utilize the offtake of the plants.


Mr. Aloke Lohia, Group CEO and founder of Indorama Ventures said, "India today is a fast-growing market that is demanding attention from the world"s fast moving consumer goods companies, who are our customers. It is imperative that we are there to serve these customers and the emerging local producers who will be consuming more and more PET and PSF over the next decade. We are looking at the long term double digit growth in demand for such products and feel this is the right time to move into the market. "

 

The large-scale project is expected to cost around USD700 million. Details of the capacity and location are expected to be made public once formal negotiations have been completed.


Indorama Ventures Public Company Limited, listed in Thailand is a leading producer in the polyester value chain in Thailand with strong global network and manufacturing across Asia, Europe and North America. Its products serve major players in diversified end use markets, including food, beverages, personal and home care, health care, automotives, textile, and industrial. The company"s main products are PTA, PET and Polyester fibre, which are distributed across the world. IVL has approximately 8,920 employees worldwide and last 12 months consolidated revenue of USD 5.5 billion.

 

mrcplast.com

Author:Anna Larionova
Tags:polyether, PET, terephthalic acid.
Category:General News
|
| More

Leave a comment

MRC help

 


 All News   News subscribe