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Thai Indorama to spend $1.2 bln on new plants in 2011

November 15/2010

(Yahoo News) -- Thailand's Indorama Ventures, the integrated polyester chain producer, expects to spend $1.2 billion next year to build PET and PTA plants in the Middle East and India, Chief Executive Aloke Lohia told reporters.


Construction of the two plants expects to be completed in 2014. The two plants will have annual capacity to produce 500,000 tonnes of polyethylene terephthalate and 1 million tonnes of purified terepthalic acid plastic.


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Thai Indorama to spend $1.2 bln on new plants in 2011

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