Indorama expand PET polymers production in US

Indorama to expand PET polymers production in US

9:09 AM, 15th November 2012
Indorama to expand PET polymers production in US

BANGKOK, THAILAND: Indorama Ventures PCL has approved to expand the PET polymers production capacity in the US by setting up a new plant with a capacity of 540,000 tonne per year. This expansion, which is expected to be completed in fourth quarter of 2015, will take IVL’s total capacity in North America of PET Polymers up to 2,100,000 tonne per annum.

The plant will take advantage of expected growth in North America while maintaining a low cost structure and will therefore be accretive to the bottom line. With respect to the announced PET expansion at its Polish site, the Board has decided to carry out a significant debottlenecking instead of setting up a new line as it would be more value accretive.

© WOC News

0 Comments

Login

Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News


Technip bags Shell’s offshore projects in Asia Pacific

PARIS, FRANCE: Technip was awarded by Shell Global Solutions (Malaysia) Sdn Bhd a framework agreement for offshore facilities in a region covering Asi ...

Read more
Fluor’s Ameco acquires Africa-based ServiTrade

IRVING, US: Fluor Corporation’s unit, Ameco, has acquired ServiTrade, a Mozambique-based construction equipment rental and project services comp ...

Read more
BASF opens battery material production plant in Ohio, US

NEW JERSEY, US: BASF opened its new cathode materials production plant in Elyria, Ohio. The materials manufactured at the Elyria plant will be used by ...

Read more
Praxair to build new nitrogen plant in US

DANBURY, US: Praxair Inc has signed a long-term contract with Mesabi Nugget LLC to construct and operate a new plant at Mesabi’s Hoyt Lakes, Min ...

Read more
Ferro CEO James Kirsch resigns; Peter Thomas named Interim CEO

CLEVELAND, US: Ferro Corporation announced that James F Kirsch has stepped down as President and Chief Executive Officer. With this, the board of dire ...

Read more
SK to acquire antioxidant and UV stabilizer business of Chemtura

NEW YORK, US: SK Capital Partners has signed asset purchase agreement to acquire the antioxidant and UV stabilizer solutions business of Chemtura Corp ...

Read more