Thai group asserts itself in US-takeover of M&G's Texas PET plant approved/Entry into PET recycling

摘要

Indorama Ventures(IVL,Bangkok/Thailand;www.indoramaventures.com)has been busy on the US Gulf Coast.The Thai group,along with Far Eastern New Century(FENC,Taipei/Taiwan;www.fenc.com)and Alpek(Mexico City/Mexico;www.alpek.com),its two partners in the joint acquisition vehicle CC Polymers,have received permission from the US Federal Trade Commission to proceed with the takeover of M&G USA's PET/PTA plant in Corpus Christi,Texas.The complex designed to be the world's largest vertically integrated PTA-PET line and the Americas’largest PTA plant has capacities of 1.3m t/y of PTA and 1.1m t/y of PET.