Home breadcru News breadcru Company breadcru Thai IRP to buy Eastman PTA & PET Assets in Europe

Thai IRP to buy Eastman PTA & PET Assets in Europe

07 Dec '07
3 min read

This action reiterates our strong commitment to the growth of PET and our confidence in the European business model that started last year with the startup of our Greenfield investment in Europe's largest PET plant in Lithuania.

Eastman's plants would add more flexibility and reliability to Indorama and would help us better serve customers across Europe.”

The PET Resin assets from this acquisition would form a part of SET listed Indorama Polymers, Thailand (IRP) and help to achieve their global vision of being amongst the top 3 PET Resin manufacturers.

AlphaPet Inc, USA a subsidiary of IRP is currently building USA's state of art PET Resin project co-located to BP's PTA assets in Decatur, Alabama.

The virtually integrated facility at Decatur, Alabama and the Integrated facilities in Europe will help IRP to participate in the value chain and strengthen its competitiveness.

Indorama Group's PTA plant in Thailand already meets IRP needs within the country. IRP group will reach achieve a worldwide capacity of 1.4 million tpa of PET resin upon commissioning of AlphaPet Inc and the completion of this acquisition.

Indorama Polymers Public Company Limited

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