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Indian PET giants to build huge US plants

March 16/2012
(polyestertime) -- Two Indian plastics powerhouses are building major PET film plants in the United States this year. The moves are putting significant pressure on longstruggling domestic producers. DuPont, the major producer through a joint venture with Teijin, wants to sell its PET film assets, according to several financial reports.

Uflex Ltd., India's largest flexible packaging company, is building a USD180 million plant in Kentucky with an initial
target capacity of 66 million pounds a year. Double that capacity is planned at the site. Polyplex is building a USD187 million polyester film plant in Alabama. Initial capacity will be 66 million pounds per year, with additional capacity planned for 2015.

Total U.S. production of PET film in the last two years has been running around 430 to 435 million pounds per
year. Almost that much-423 million pounds-was imported into the United States in 2010, according to data from
the U.S. International Trade Commission (ITC).


mrcplast.com

Author:Anna Larionova
Tags:PET.
Category:General News
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