Indorama plans PET site

By Frank Esposito
Senior Staff Reporter

By Gurdip Singh
Correspondent

Published: November 19, 2012 6:00 am ET

Related to this story

Topics In Print

More PET resin capacity is headed to North America.

Indorama Ventures Public Co. Ltd. plans to build a 1.2 billion-pound-capacity plant at an undisclosed location in the U.S. The Bangkok-based firm’s board of directors approved the new plant Nov. 14.

The expansion is expected to be completed by the end of 2015. In a news release, officials said the new plant “will take advantage of expected growth in North America, while maintaining a low cost structure.”

Officials with Indorama said that no decision has been made as to the plant’s location. Indorama already operates a major 965 million-pound-capacity PET plant in Decatur, Ala., and a smaller 495 million-pound-capacity PET operation in Asheboro, N.C. Market insiders said Decatur is a possible location for the new plant, as is Cooper River, S.C., where British Petroleum plc has pure terephthalic acid feedstock available that could be used to make PET.

North American market watchers have questioned the need for a new PET plant in the region. North America already is believed to be oversupplied for PET, as are many other regions of the world. Lightweighting of PET bottles and slow growth in the carbonated soft drink sector have led to low-single-digit growth rates for North American PET in recent years.

The Indorama board has also decided to carry out a significant debottlenecking at its PET plant in Wloclawek, Poland.


Comments

Indorama plans PET site

By Frank Esposito
Senior Staff Reporter

By Gurdip Singh
Correspondent

Published: November 19, 2012 6:00 am ET

Post Your Comments


Back to story

Market Reports

Market Data Book - Rankings & Lists

A one-stop download of Plastic News' exclusive annual lists and processor rankings containing essential data including sales, employees, end markets, materials and more.
EXCLUSIVE EXCEL FEATURE: full mailing address details for available plant locations.

Learn more

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report provides analysis and discussions of economic and political conditions, market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as strategies being implemented by thermoformed packaging companies. In addition, there are reviews of 25 leading thermoformers in the packaging segment, assessing their growth initiatives and performance metrics over 10 years.

Learn more

Mold Making and Tooling Review and Outlook 2014 North America

This report provides in-depth analysis of the mold and toolmaking market for North America, including discussions of trends, opportunities, threats, the latest developments in production and labor and equipment trends impacting moldmakers.

Learn more

Upcoming Plastics News Events

May 6, 2014 - May 8, 2014Plastics in Medical Devices 2014

May 12, 2014 - May 12, 2014Plastics News Brazil Pharma Summit

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

February 3, 2015 - February 7, 2015Plastics News Executive Forum 2015

More Events