Indorama To Expand U.S. PET Capacity
Indorama's PET, polyester and monoethylene glycol businesses in North America have been performing well of late, representing some 40 percent of the company's total $5.1 billion in consolidated sales for the first nine months of 2012.
The company also has expanded elsewhere and will start up a 200,000-metric tons-per year PET plant in the Netherlands in the fourth quarter of 2012. Other planned developments include a purified terephthalic acid (PTA) debottleneck to 600,000 metric tons at its Netherlands site by 2015, a PTA debottleneck of its site in Poland, and the startup of a 300,000-metric-ton flagship polyester plant in Indonesia in 2013.
November 20, 2012