Indorama invest $190 million in manufacturing plant in Decatur, US

Indorama to invest $190 million in manufacturing plant in Decatur, US

5:25 AM, 25th March 2013
Indorama to invest $190 million in manufacturing plant in Decatur, US

DECATUR, US/BANGKOK, THAILAND: Indorama Ventures Public Company Limited, the world’s leading manufacturer of PET resins, will invest $190 million to build a new manufacturing plant adjacent to its current site on Finley Island Road, near the Tennessee River at Decatur, US, that will be capable of producing 540,000 tonne of resin per year and employ an additional 75 full-time workers, taking the total employees on this site to close to 200 when complete. This would also create additional indirect jobs to engineers and contractors during the construction stage. The project is expected to commence construction in 2013 and will be completed in the fourth quarter of 2015.

“We have excellent relations with local authorities and appreciate that the infrastructure and convenience of this location played heavily in our final decision to invest further in Decatur. We have been in the US since 2003 and today employ an American workforce of 1,073, nearly 700 of them in our PET business alone. We strongly believe in the future of manufacturing in the US and believe Decatur is an excellent choice for our current expansion plans,” said Aloke Lohia, CEO, Indorama Ventures.

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