Alpek halts PTA deliveries to M&G on $49 million past-due balance

摘要

Alpek (Monterrey, Mexico) says it has stopped supplying purified tereph-thalic acid (PTA) to M&G Chemicals' polyethylene terepthalate (PET) plants at Altamira, Mexico, and Suape, Brazil, because of a past-due balance totaling $49 million. Alpek also says that M&G may have trouble completing an integrated 1.1-million metric ton/year PTA-PET project now under construction at Corpus Christi, Texas.