2013 Exhibitions
Thai PET supplier Indorama Ventures will set up a new 540,000-tonne/year plant in the US. Upon completion in 2015, Indorama’s total capacity in North America will increase to 2.1 million tonnes/year. While the location was not stated, the firm already operates PET plants in Alabama and Asheboro. The new plant will take advantage of the expected growth in North America while maintaining a low cost structure, said the public-listed the firm in its posting to the Thai Stock Exchange.
Meanwhile, the board has also decided to carry out a significant debottlenecking at its PET plant in Wloclawek, Poland, instead of setting up a new line as it would be “more value accretive”, said the company, adding that the site de-bottlenecking would take advantage of the region’s growth market and its virtual integration with third party PTA.
(PRA)
