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

Plastics in Brazil - State of the Industry Report

This in-depth report examines the Brazilian plastics industry from a historical and geographical context. Our analysts provide insight on economic trends and forecasts, growing manufacturing sectors that utilize plastics, private investment opportunities, market environment challenges, and innovations in R&D.

Data tables and charts on producer prices, trade, plastics production and end market indicators is also included.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events